05 June 2019

Carey Olsen advises Realty in acquisition of 12 Sainsbury's superstores

Lawyers from Carey Olsen's corporate team in Jersey have advised Realty Income Corporation (Realty) on the acquisition of 12 Sainsbury's superstores from British Land.

The recently completed £429 million deal is Realty's first international real estate acquisition.

Working alongside Gibson Dunn & Crutcher and Gowling WLG, the Carey Olsen team advising Realty was led by partner James Mulholland and assisted by counsel Claire Le Quesne and associate Stephanie Hobbs.

James said: "Realty has a phenomenal reputation in the US for dealmaking and we are delighted to have worked alongside their other legal advisers to successfully close its first investment in the UK."