Olswang has advised clients of Delancey on the acquisition from the Castlemore Group of a 28% interest in the Castlepoint Shopping Centre in Bournemouth. The deal value is currently confidential. The deal was secured through the acquisition of an interest in the limited partnership which holds the asset. This follows the acquisition by Delancey clients of 40 Holborn Viaduct where Olswang advised on financing and tax structuring issues. The double acquisition posed a number of challenges and complexities, both from a legal and asset management perspective. In addition, the Olswang finance team advised on the debt funding it secured to finance the acquisitions.
The Olswang team was led by Paul Blackmore and David Bunker, with Charles Kerrigan advising on the finance aspects and Cliona Kirby advising on tax . SJ Berwin LLP advised on property matters. Lawrence Graham acted for the sellers. For more information, please call Paul Blackmore on 0207 067 3468.