Shepherd and Wedderburn advises on distribution facility deal
Lawyers from Shepherd and Wedderburn’s property and infrastructure team advised Fiera Real Estate, a multinational investment management company with assets of £750 million under direct management, on the legal aspects of the purchase of Pinnacle, 6 Brittain Way, Eurocentral.
The 67,750 sq ft facility has been let to BrewDog and marks a significant expansion of its distribution capability at the business park in the central belt.
Rupert Sheldon, head of core REIM, UK, at Fiera Real Estate said: “The acquisition of this property aligns well with the investment parameters of Fiera Real Estate Long Income Fund UK. We remain acquisitive across our core mandates, with capital available to deploy into properties that share similar characteristics.”
Shepherd and Wedderburn lawyers advised Fiera Real State on the legal and real estate aspects of the acquisition, with Galbraith acting as the purchaser’s agents.
David Mitchell, partner in the Shepherd and Wedderburn’s property and infrastructure team, said: “We were pleased to assist our client with this significant purchase of a long secure lease over a prime logistics and distribution site. The acquisition reflects the high level of activity we are seeing in the market for industrial investment property among investors.”