Global law firm Ashurst has advised Roebuck Asset Management, the London based pan-European real estate asset manager, and a syndicate of Korean investors, on the over £100 million sale of a Tesco Distribution Centre in Avonmouth, UK. Roebuck Asset Management negotiated the sale on behalf of Capstone Asset Management Co., Ltd and a syndicate of Korean investors of the Tesco distribution centre.
The multi-disciplinary Ashurst team was led by tax and structuring partner Tim Gummer. Partner Sarah Sivyour, senior associate Chris Benbow and associate Kate Mullan advised on corporate real estate matters. Partner Jessica Jenner and senior associate Natasha Anderson advised on real estate finance matters. Partner Bradley Rice advised on regulatory matters. Partner Ben Patton and Partner Matthew Bool advised on construction matters. Partner Alison Hardy and senior associate Chloe Meredith advised on Real Estate litigation matters. Partner Sharon Kim and associate Laura Burt advised on US and UK tax matters.
Tim Gummer said:
"I am delighted Ashurst have once again been able to assist longstanding client Roebuck Asset Management and their Korean investors on this high profile logistics sale in an extremely competitive UK logistics market."
Charlie Seaton, Roebuck Asset Management said:
"We are really pleased to have concluded this sale, once again delivering excellent performance for our Korean capital partners, significantly above our anticipated investment returns. It has been a pleasure working with the Ashurst team again, who have helped facilitate a very smooth transaction process"
