Cases & Deals

British Land sells interests in Hercules Income Fund

Client(s) British Land

Jones Day advised British Land, BIS and the BT Pension Scheme on the sale of their interest in Hercules Income Fund (HIF) to clients of LaSalle Investment Management, which is now the sole owner of HIF. The 293,700-square-foot portfolio comprises seven retail warehouse properties in Barnstaple, Evesham, Hove, Uddingston in Glasgow, Newton Abbot, Plymouth and Weymouth.