Nabarro advises Apollo and Hark Group on £442 million acquisition of Telford Shopping Centre
29 June 2007
Leading UK law firm Nabarro has advised Apollo Real Estate Advisors and Hark Group on their joint venture acquisition of Telford Shopping Centre, Shropshire from Universities Superannuation Fund for £442 million.
The transaction was led by Nabarro and was structured as an indirect acquisition of USS's interests in a Jersey Unit Trust and an English Limited Partnership. The acquisition was funded by The Royal Bank of Scotland plc.
The Centre extends to approximately 50 acres of freehold and has around 170 occupiers. It contains many large retail outlets including Marks & Spencer, House of Fraser and Debenhams, as well as some office space.
James Trundle, Real Estate Partner at Nabarro, led the deal and commented: 'This was an excellent instruction from a first class client. It is an exciting project going forward and we are delighted to have a lead role in the ongoing development and management of the Centre.'
For further information please contact:
James Trundle
Partner
Nabarro
020 7524 6415
j.trundle@nabarro.com
