Collas Crill has acted for Pacific Industrial & Logistics REIT and its subsidiary, Alanchoice, in the acquisition of three Guernsey companies for a combined £31.5 million.
Acquired from real estate investor Oxenwood YPL, the acquisition included the purchase of a portfolio of six logistics real estate assets, bringing the total value of Pacific Industrial's investment portfolio to £125 million.
Lead by senior Associate Simon Heggs, Collas Crill's involvement included assisting Alanchoice with its due diligence on each of the target companies.
The law firm also coordinated the simultaneous release of existing security, completion of the acquisitions, transfer of resident agent and the adherence by the target companies to the acquisition facility provided by Santander.
The team worked with Trowers & Hamlins, the UK Counsel acting for Pacific Industrial.