GORDON DADDS ADVISE ON £31M PURCHASE OF CONVENIENCE STORES AND PETROL FILLINGS STATIONS

Aerium’s UK legal advisors were King & Wood Mallesons.

Law and professional services firm Gordon Dadds have advised on the purchase of a portfolio of 14 convenience stores and petrol filling stations for £30.9m.

The firm advised the purchaser in relation to the real estate investor and asset manager Investra Capital and its client Sheikh Ahmed Bin Nasser Al-Thani purchase of the stores from European real estate investment manager Aerium.

The properties, which are spread across the UK, are all let to the Co-operative Group. They generate a rent of about £2m a year and benefit from fixed annual rental uplifts of 2%.

The Gordon Dadds team was led by Head of Corporate Alon Domb and included Marilyn Elstow (Real Estate partner), Alan Barnett (Corporate associate), Cassian Goode (Corporate assistant solicitor) and Henry Evans (Corporate trainee).

Alon Domb comments:

“We are pleased to have assisted Investra in bringing this transaction to a successful conclusion. The deal is a testament to Gordon Dadds’ ability to provide the insights and technical expertise necessary to support ambitious businesses and individuals.   

Martin Waller, UK Managing Director of Investra Capital, comments:

“We are grateful for Gordon Dadds’ support – they provided a professional, responsive and expert service that we could confidently rely on. We continue to see strong interest from our Gulf Investors in medium to long-let assets spread across the UK market and look forward to further activity in the New Year.”

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