The Real Estate Industry team advised Frogmore’s fourth value add fund, Frogmore Real Estate Partners IV, L.P., on the formation of a joint venture platform with hotel and serviced apartment investor C1 Capital Partners, and the indirect acquisition by the joint venture of Hilton London Olympia from HPL Olympia Pte Ltd, a subsidiary of Singapore listed Hotel Properties Limited, for £130 million.
Frogmore has been investing in UK real estate for over 60 years. Its portfolio spans multiple sectors including retail, office, residential, industrial and alternatives such as retirement park homes, student housing, and data centres. Over the last 20 years, Frogmore has invested and sold over £7 billion worth of UK real estate.
This transaction reinforces Goodwin’s reputation as a leading firm for executing transactions for clients across the capital stack, including in relation to the acquisition of operational real estate in the hospitality and leisure space.
The Goodwin team comprised Justin Cornelius, Ray Fang, Adnan Bhaiji, Katie Sharkey, and Indy Sohal, with Katie Leah and Amy Francis advising on tax aspects, and Alexandrine Armstrong-Cerfontaine, Oana Millich, and Nicholas Salbaing on Luxembourg aspects.
For more details, read the press release.