International law firm Gowling WLG has advised Pacific Industrial & Logistics REIT plc, the new venture backed by Sir John Beckwith, on its IPO and first property portfolio acquisition.
Kristian Rogers, a partner in Gowling WLG’s corporate team, led and advised on the IPO and £12.2m fundraising, while fellow corporate partner, Michael Lacey, advised on the £27m acquisition, consisting of 11 industrial properties primarily located close to the M1 motorway around the so-called ‘Golden Triangle’ area in the Midlands. Real estate and finance advice was provided by partners Phil Clissitt and Jonathan Lent respectively.
The Gowling WLG team had further support from: director Anna Colley (real estate); senior associates Elizabeth Napier (real estate); Luke Menzies (real estate); and Samantha Myers (corporate); and associates Alice Bucharova (real estate), Rachael Orchard (corporate), and Tom Wilson (corporate).
Non-executive director of Pacific & Logistics REIT, Richard Moffitt said: “We’ve managed to achieve a great deal in the last few weeks and it was very reassuring to have Kristian Rogers and the Gowling WLG team supporting us. They’ve provided excellent legal advice on a number of complex issues.”
Kristian Rogers commented: “We’ve thoroughly enjoyed working with Richard and his team. Pacific & Logistics REIT has exciting plans for its growth and investment and we very much look forward to helping them achieve further successes in the future.”
