Cases & Deals

Highcross Group sells assets of Highcross Regional U.K. Partners and Highcross Regional U.K. Partners III to Northwood Investors

Clients Highcross Group Limited

Jones Day advised Highcross Group Limited in connection with the £635 million (US$1 billion) sale of the assets of Highcross Regional U.K. Partners and Highcross Regional U.K. Partners III to Northwood Investors, a U.S.-based fund management company, and its advised institutional real estate fund. Jones Day further advised Highcross on the related repayment of its existing £150 million bank facilities; the simultaneous sale of its management and advisory companies, Highcross Strategic Advisers Limited and Glidefern Property Management Limited, to Northwood Investors; and the renegotiation of Management's terms of employment.