Northwood Investors to Acquire UK Property Portfolio from Highcross Strategic Advisors Limited for $992 Million
12.16.14
This is only gets display when printing
Simpson Thacher represented Northwood Investors LLC in connection with its $992 million (£635 million) acquisition of more than 7.1 million square feet of office and industrial properties located throughout the United Kingdom from certain funds managed by Highcross Strategic Advisors Limited (“HSAL”). The portfolio includes 35 assets held in a joint venture, 26 office and industrial buildings across the UK, a grade-A office building in Leeds and a 101-acre business campus in Portsmouth. Northwood also acquired HSAL, and will merge the advisory business with its existing European platform, giving Northwood more than 60 employees in the UK.
The Simpson Thacher team included Greg Ressa, Wheatly MacNamara, Davis Coen and Sam Charlton (Real Estate), Barrie Covit, Bryan McGee, Townshine Wu, Jeff Lieberman and Elliot Im (Funds); and Marcy Geller and Michael Cardella (Tax).