International law firm Olswang has advised private equity real estate fund manager Benson Elliot Capital Management LLP on its purchase of Slough Retail Park from Standard Life Investments.
Developed in 1998 and with eight retailers, including Carpetright, DFS and The Range, currently housed within its 151,000 sq ft of lettable space, the acquisition of Slough Retail Park takes Benson Elliot’s total retail holdings in the UK above 1.7 million sq ft.
Olswang Partner and Head of Real Estate Jonathan Lewis commented: "We're pleased to have again advised Benson Elliot on such a significant addition to their UK portfolio. Boosted by the prospect of Crossrail, Slough is an excellent place to invest and we anticipate the company enjoying great success. We look forward to continuing our close relationship with Benson Elliot and assisting with future ventures."
Jonathan Lewis and Real Estate Legal Director Colin Brett led the Olswang team on the purchase, together with Real Estate Senior Associate Fiona Smith.
A private-equity firm investing in key markets across Europe, Benson Elliot recently closed its fund BEREP IVfollowing an over-subscribed fundraise, raising more than €600 million.BEREP IV has completed 11 investments across six countries.
Notes to editors
Olswang LLP is an international law firm and a European and Asian leader in technology, media, telecommunications and real estate. The firm comprises of almost 700 people including 100 partners, across seven international offices. Olswang is part of a 'best friends' network of leading independent law firms throughout the world.
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