CMS advises Arrow on largest ever UK warehouse deal
15th February 2022, 2:09 pm
International law firm CMS has advised Arrow Capital Partners (Arrow) in relation to the largest single asset warehousing acquisition in the UK. The warehouse, located in Silkwood Park, Wakefield, includes the part developed robotics warehousing facility for Amazon.
Arrow is private real estate company that invests in equity and debt opportunities in the Asia-Pacific and European markets, backed by AMB Capital, one of Australia’s largest family offices.
Arrow will acquire the Wakefield warehouse from a large international investor. The completed development will comprise a 5-storey warehousing facility in excess of 1m sq ft.
Nathan Jansen, Partner at CMS in Manchester, comments: “We are delighted to have supported Arrow on this groundbreaking deal and the largest ever warehouse sale in the UK. The logistics and warehouse sector continues to perform strongly, driven largely by the growth in e-commerce, offering incredible opportunities for investors. CMS is at the forefront of logistics and warehousing transactions and this deal speaks volumes to the firm’s experience in this hugely exciting area. Over the last 18 months, our team in Manchester has advised on over £2.5bn transactions in this space.”
The CMS team advising Arrow on the acquisition was led by Nathan Jansen and Gareth Saynor, with support from Dave Lawson and David Taylor (Real Estate); Patrick Fenlon (Planning); Christine Worthington and Martyn Stevenson (Construction); Clive Swillman and Fergus Jones (Banking) and Carmun Cussons (Corporate).
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