Acquisition of the Crown Portfolio by Urban Logistics REIT plc

Deal typeTransaction Services
IndustryReal Estate
Client nameUrban Logistics REIT plc

Urban Logistics REIT plc acquired a portfolio of seven properties across the UK for a consideration of £47.2m. The listed UK-based logistics property investor acquired the Crown Portfolio via the purchase of a Jersey unit trust from funds controlled by Legal & General Investment Management. The Crown Portfolio comprises seven assets with an average warehouse size of 84,105sqft, located in Aberdeen, Huntingdon, Blackpool, Ipswich, Newmarket, Plymouth and Rotherham. BDO provided financial and tax due diligence, tax structuring and SPA advice in support of the transaction.

"We had a great experience working with BDO on this corporate acquisition and were extremely impressed by their joined up and pragmatic approach, which extended to working closely with our legal advisers. They utilised their specialist expertise and sector knowledge to provide timely and proactive advice throughout the process. We look forward to working with BDO on future transactions."

Christopher Turner, Property Director, Urban Logistics REIT  PLC