Oxenwood Real Estate acquires £286 million (US$366.9 million) Ultrabox logistics portfolio
Clients Oxenwood Real Estate LLP
Jones Day advised Oxenwood Real Estate LLP on its joint venture with a Canadian institutional investor and the acquisition by that joint venture of the Ultrabox portfolio of nine prime logistics assets in the UK totaling 3.87 million sq. ft. for £286 million (US$366.9 million). Jones Day also advised the joint venture on its related £151 million (US$193.7 million) acquisition loan with Wells Fargo. The transaction increases the size of Oxenwood's UK logistics portfolio to £430 million (US$551.7 million).