Led by Goodwin London, a multi-disciplinary team advised long-standing client, Medical Properties Trust (MPT), on the acquisition of a corporate structure which ultimately owns a portfolio of 30 acute care hospital facilities, valued at approximately £1.5 billion. Goodwin London also advised on the lease arrangements to BMI Healthcare, the largest private operator of acute hospitals in the U.K. (in a related transaction, affiliates of Circle Health are proposed to acquire BMI Healthcare, and assume operations of its facilities in the U.K.).
The acquisition is noted to be the biggest real estate transaction in the U.K. in 2019, and further reinforces Goodwin’s reputation as the leading law firm for executing complex and structured corporate real estate transactions in the U.K. and Europe, including in alternative real estate sectors. Last month the London team also advised long-standing client BentallGreenOak on the EUR1.2 billion sale of a portfolio of 42 logistics assets across France, Spain, Italy and Netherlands.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities.
The team was led by David Evans, James Spence and Carl Bradshaw, and included Ray Fang, Stan Shishkin, Sam Bateman, Charlie Lord and Laura Antuna-Ortega (Corporate Real Estate/Corporate), Joe Conder, Martin Smith, Claire Haley, Charlie Robinson, Katherine Baker, Simon Woodcock, Ben Chatzkelson, Louise de Souza, Luke Nauth and Sophie Allen (Real Estate), Robert Young and Amy Francis (Tax), Simon Thomas, Oonagh Steel and Emily Lockhart (Restructuring), Paul Lyons and Oskar Wisniewski (Finance) and Alexandrine Armstrong-Cerfontaine, Isabelle Bertels and Vincent Herjean (Luxembourg). The Goodwin London team was supported by Yoel Kranz, Elena Hera and Chloe Pletner on US regulatory matters and Milena Tantcheva, Paul Costa, Reid Bagwell and Scott Hefferman on US finance matters.
For additional details on the acquisition, please read the press release.