St Modwen Logistics’ £180 Million Acquisition of Logistics Portfolio From Argo Real Estate

In UK Bryan Cave Leighton Paisner, advised on the matter.

Bryan Cave Leighton Paisner advised Argo Real Estate with a team including Barry Gross (Picture – Real Estate), Faizan Hashmi (Real Estate), Patrick Johnson (Real Estate), Laura Patao-Caminas (Real Estate), Claire Watson (Real Estate), Richard Harbot (Tax M&A and Deal Advisory).

The portfolio sold to St Modwen includes seven units in London and one in Manchester and totals 717,000 sq. ft. of last mile logistics space. An early investor in this asset class, Argo has built up a significant portfolio of urban industrials, last mile retail warehousing and supermarkets. St Modwen’s acquisition of this portfolio will increase their exposure to urban warehousing as they look to build a dedicated logistics business following the £1.24 billion take private of St Modwen by Blackstone in May 2021.  

The BCLP team was led by Barry Gross (Picture), Patrick Johnson, Laura Patao-Caminas and Faizan Hashmi with valuable assistance from a core deal team of Paul Spence, Amelia Jansen, Elisabeth Tsudikman (M&A and Corporate Finance), Sapna Shah, Caitlin Crawford, Samantha Scott, James Murphy (Real Estate), Claire Watson, Sam Burke, Jan Bervida and Victoria Kearsey (Real Estate Finance), Richard Harbot and Michael Langan (Corporate Tax) and Malcolm Noir and Chidima Atueyi (Construction).

Involved fees earner: Sam Burke – Bryan Cave Leighton Paisner; Caitlin Crawford – Bryan Cave Leighton Paisner; Barry Gross – Bryan Cave Leighton Paisner; Richard Harbot – Bryan Cave Leighton Paisner; Faizan Hashmi – Bryan Cave Leighton Paisner; Amelia Jansen – Bryan Cave Leighton Paisner; Patrick Johnson – Bryan Cave Leighton Paisner; Michael Langan – Bryan Cave Leighton Paisner; Laura Patao-Caminas – Bryan Cave Leighton Paisner; Sapna Shah – Bryan Cave Leighton Paisner; Paul Spence – Bryan Cave Leighton Paisner; Claire Watson – Bryan Cave Leighton Paisner;

Law Firms: Bryan Cave Leighton Paisner;

Clients: Argo Real Estate;

Author: Giulia Di Palma