30 March 2017

Carey Olsen advises SEGRO as it buys remaining stake in Airport Property Partnership

Carey Olsen's corporate team in Jersey has acted as Jersey counsel to SEGRO, a listed owner and developer of modern warehouses and light industrial property, on the acquisition by SEGRO of full ownership in the Airport Property Partnership (APP) from its joint venture partner, Aviva.

SEGRO purchased the remaining 50% interest in the APP, held through a Jersey property unit trust, for £365 million. Carey Olsen's role included advising on the rights issue which partly funded the cash portion of the transaction.