Walkers Advises Blackstone as Lender on UK Logistics Portfolio Acquisition Finance

Walkers Jersey Banking and Finance team, acting alongside the London banking and real estate team at Latham & Watkins LLP and also Shepherd and Wedderburn LLP in Scotland, advised debt funds managed by Blackstone in connection with the provision of a loan facility to finance the acquisition of a portfolio of logistics assets throughout the UK.

Phase I of the transaction closed in December 2020 and Phase II in January 2021, with Phases III and IV due to close later this year.

The Walkers team comprised group partner Jon Le Rossignol, senior counsel Julia Keppe and associate Lisa Ellefsen.

Julia Keppe said: "We were delighted to support Blackstone and Latham & Watkins on this complex transaction.

"It not only adds to Walkers' wealth of experience in advising non-bank lenders, but highlights the well-documented global trend of the rise in private credit, which we are seeing in our deals across each of our offshore jurisdictions."

Jon Le Rossignol added:  "Supporting such a high-profile client in a cross-border transaction of this size and importance is testament to the strength of our dedicated finance offering, allowing us to deploy experts in both the offshore real estate and acquisition finance markets to deliver seamless support."

JERSEY
Jon Le RossignolGroup Partner*T +44 (0) 1534 700 716jon.lerossignol@walkersglobal.com
Julia KeppeSenior CounselT +44 (0) 1534 700 728julia.keppe@walkersglobal.com
Lisa EllefsenAssociateT +44 (0) 1534 700 865lisa.ellefsen@walkersglobal.com