Deal news: advising new inward-investor on its first acquisition of UK property

Deal news: advising new inward-investor on its first acquisition of UK property

Deal news: Advising Zenitech on its investment from Sovereign Capital Partners

Stevens & Bolton has advised a new inward-investor on all aspects of its first acquisition of UK property and its set-up in the UK.

The investment vehicle is a Spanish family office and the property is a prime mixed-use asset in the heart of the City of London, with the ground floor let to a well-known coffee retail brand and residential apartments on the upper floors.

In collaboration with CBRE and Paragon BC, the advisors on the investment and technical due diligence, our work included incorporating our client’s SPV company to hold the property and advising on the appropriate corporate holding structure for the vehicle. We also worked alongside the global trust company appointed to assist with the ongoing management of the SPV and property. Despite many complexities to the acquisition process, a timely exchange and completion was achieved.

The Chief Executive of the family office commented: “In our first acquisition in the UK, we found in Ian a truly valuable legal advisor whose findings and advice were key in the decision-making process of our committee both during the SPV set-up and the acquisition processes. Our execution team enjoyed working with a highly professional and experienced legal team. Their support has been critical to the success of the transaction. We very much look forward to continue working with Stevens & Bolton in upcoming transactions in the UK”.

Real Estate Partner Ian Craig commented: “We were delighted to advise our client on its establishment in the UK and its entrance to the UK property market in a key location. It was great to work with our client and their other advisors on the deal which shows the continued attractiveness of property in the City”.

The Stevens & Bolton team was led by Ian Craig, supported by partner Nick Atkins (corporate) and Kayleigh Stevenson (real estate).

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