Collas Crill’s Jersey team has advised real estate investment advisory firm Marchmont FM on its collaboration with NW1 Partners to set up a £100 million fund to buy UK small-cap urban industrial assets.
The two real estate investment specialists have formed NW1 Partners/Marchmont UK Last Mile Logistics Venture.
Collas Crill advised on the formation of a Jersey Private Fund to invest in UK real estate as a separately managed feeder vehicle investing into Last Mile UK Logistics Jersey SLP.
Osbourne Clarke acted as UK counsel to Marchmont and Jones Day acted as UK counsel to Last Mile.
The Collas Crill team comprised Dilmun Leach, Group Partner, supported by Associate David Walters.
The venture’s aim is to assemble a portfolio of industrial assets throughout Greater London and other UK cities. It plans to acquire up to £100 million of properties, with the target asset size ranging from £3 million to £10 million. To date, the venture has acquired three properties in Greater London.
Marchmont is acting as the venture’s operating partner to source opportunities and execute on the day-to-day business and asset management plans of the individual assets. NWI Partners is acting as the investment adviser and is responsible for approving all major real estate decisions.