LONDON – Reed Smith has advised Warehouse REIT plc in relation to its acquisition of a portfolio of 51 multi-let UK warehouse assets for £116 million from Industrial Multi-Property Trust, a subsidiary of Hansteen Holdings plc. The transaction was structured as a corporate acquisition of a group of Isle of Man companies which currently own the portfolio. Reed Smith handled the corporate and tax aspects of the transaction.
This transaction follows Warehouse REIT’s successful listing on AIM in September 2017 which the Reed Smith team also advised on.
The Reed Smith team comprised Delphine Currie, Gareth Amdor, Elizabeth Calvert, Gareth Williams-Davies, Laura Gould and Harrison Stimson.