Ashby Capital Sells UK Retail Park Portfolio for Over £220M
Deal News | Jan 30, 2025 | Travers Smith
Travers Smith LLP has advised Ashby Capital on the divestment of its UK retail park portfolio to Realty Income Corporation. The portfolio, consisting of three retail parks situated in Swansea, Guiseley, and Glasgow, was acquired between 2015 and 2019 and sold for a combined value exceeding £220 million. The legal advisory team from Travers Smith was spearheaded by Corporate Partner Jon Reddington and Real Estate Partner Emma Pereira, along with contributions from several other associates across corporate, real estate, finance, construction, and tax disciplines. The deal highlights the ongoing dynamism within the UK real estate market and involves a strategic move by both Ashby Capital in terms of asset reallocation, and Realty Income in expanding its property holdings.
Sectors
- Real Estate
- Legal Services
- Investment Management
Geography
- United Kingdom – The retail parks sold are located in the UK, specifically in Swansea, Guiseley, and Glasgow.
Industry
- Real Estate – The sale of retail parks is a significant event in the real estate industry.
- Legal Services – Travers Smith provided legal advisory services for the transaction.
- Investment Management – Ashby Capital is involved in investment management of its retail park assets.
Financials
- £220 million – The total sale price for the UK retail park portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ashby Capital | The Selling Company | Company | An investment company focusing on real estate assets. |
| Realty Income Corporation | Bidding Company | Company | A corporation focusing on acquiring real estate assets. |
| Travers Smith LLP | Legal Advisor | Company | A law firm providing legal advisory services for the transaction. |
| Jon Reddington | Corporate Partner | Person | Led Travers Smith's corporate advisory team. |
| Emma Pereira | Real Estate Partner | Person | Led Travers Smith's real estate advisory team. |