ARC Global’s £55 Million Acquisition of Trafalgar Court

In UK advised on the matter.

Carey Olsen advised Stenprop with a team including

The prime office buildings, located at Admiral Park in St Peter Port, offer 10,564 sq m of Grade A office space.

The sale to ARC Global, a subsidiary of Global Net Lease Inc, further progresses Stenprop’s strategy to become a 100% UK multi-let industrial business by March 2022, and increases its multi-let industrial portfolio from 83% to 92% of its total portfolio. It also paves the way for the company’s proposed move to the Premium Segment of the Main Market of the London Stock Exchange before 31 March 2022.

Stenprop (JSE:STP) is a UK REIT on a mission to become the leading multi-let industrial (MLI) business in the UK.

The Carey Olsen cross-practice team was led by partners Jason Morgan (Picture, property) and Ben Morgan (corporate). They were supported by senior associates James Cooke (corporate) and John Le Tissier (property), and associates Kieran Ogilvie (property) and Jamie Oldfield (corporate).

Involved fees earner: James Cooke – Carey Olsen; John Le Tissier – Carey Olsen; Ben Morgan – Carey Olsen; Jason Morgan – Carey Olsen; Kieran Ogilvie – Carey Olsen; Jamie Oldfield – Carey Olsen;

Law Firms: Carey Olsen;

Clients: Stenprop;

Author: Giulia Di Palma