Olswang advises BMO Real Estate Partners on 191 million pound portfolio acquisition from British Land

This article was produced by Olswang LLP, which joined with CMS on 1 May 2017.

International law firm Olswang has advised clients of the leading property asset management specialist BMO Real Estate Partners (BMO REP) on a £191 million real estate portfolio acquisition of three retail assets across the UK: the flagship Debenhams store in Manchester, Clifton Moor Shopping Centre in York and Westgate Retail Park in Wakefield.

The deal sees clients of BMO REP acquiring the assets from British Land via the purchase of their respective corporate holding vehicles.

Real Estate Partner Simon Kanter commented: "Completion of this deal was particularly welcome as it was agreed and work commenced prior to the June 2016 referendum. BMO REP's rigorous and creative approach was key to the success of the deal, and we were delighted to work with them once again. Apart from the property and corporate aspects, a significant role was played by our banking and tax teams."

Simon Kanter led the deal from Olswang along with Real Estate Partner Alan Karsberg, Corporate Partner David Bunker, Finance Partner Ruth Marken and Tax associate Jacob Gilkes.

Read more about Olswang’s international legal practice on the firm’s website.