Recent deal

Maples Teesdale advise on Ventura Park & Brackmills property swap for Standard Life

Maples Teesdale acted for UK Commercial Property Trust Limited (“UKCPT”), which is advised by Standard Life Investments, on a property swap transaction with SEGRO plc through which UKCPT sold to SEGRO a 27,800 sq m single-let, modern distribution warehouse in Brackmills, Northampton, valued at £31.0 million. As part of the same transaction UKCPT purchased from SEGRO a 54,800 sq m multi-let industrial estate at Ventura Park, Radlett valued at £67.1 million. The acquisition of Ventura Park was structured as a corporate deal whereby UKCPT acquired the entire issued share capital of the company that owns Ventura Park. There was a balancing payment of £36.1 million paid by UKCPT to SEGRO in cash.

 

 

The Maples Teesdale team included Liam MacDonnell, Paul Burke, Anastasia Klein, Charles Elgood and Sam Nichols.

 

 

For further information please contact Liam MacDonnell on 020 7600 3800 or  lmacdonnell@maplesteesdale.co.uk

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