The London Real Estate Industry team advised global real estate investment manager, Kennedy Wilson, on the formation of a joint venture with Singapore sovereign wealth fund, GIC, to acquire and manage last-mile urban logistics properties in the UK, with the potential to expand into Ireland and Spain, targeting a total portfolio of $1 billion. As part of the transaction, Kennedy Wilson have seeded the joint venture with a $220 million portfolio comprising 18 urban logistics assets in prime locations in the UK.
The Goodwin team advising Kennedy Wilson on this transaction comprised David Evans, James Spence, Adnan Bhaiji, Katie Sharkey and Jake Simons with Robert Young and Amy Francis advising on the tax aspects and Glynn Barwick advising on the regulatory aspects.
For additional details on the joint venture, please read the press release.