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Ashurst advised KFIM on the acquisition of BAE occupied manufacturing warehouse on behalf of Korean Investors

15 Jun 2017

Ashurst advised Knight Frank Investment Management (KFIM) on the acquisition of a BAE occupied manufacturing warehouse at Radway Green, Crewe. The investment has been acquired on behalf of a consortium of Korean institutional investors.

Kevin Aitchison, CEO at KFIM, commented: “We are confident that this will be the first of many transactions for investors from the region”. Of Ashurst, Kevin commented "You guys have been absolutely fantastic. You certainly are an example to many of your competitors".

David Jones, Head of Real Estate Capital Markets, commented: "We are delighted to work with KFIM on the acquisition of the warehouse. This is an exciting continuation of our extensive work across Europe with Korean investors and also demonstrates the continued interest in UK logistics assets".

Knight Frank acted for KFIM.  Bilfinger GVA acted for the vendor. LB Asset Management was the local Korean Asset Manager. Kuits acted for the seller.

Matter Type
Asset Sale: Acquiror's Counsel
Industry
Fund/Investment Management
News Category
Real Estate & Construction