Sheelagh Cooley

Kwik Fit, whose ultimate parent company is listed on the Tokyo Stock Exchange, was advised by Shoosmiths in the UK, including legal teams within its Edinburgh, Glasgow and Sheffield offices. It’s the latest in a number of similar transactions the law firm has successfully undertaken for Kwik Fit in recent years.  

The roadmap to secure the deal saw Kwik Fit acquire Hawkeye Properties 501 Limited, a Jersey entity, which was itself ultimately held by Spring Real Estate Investment Trust, listed on the Hong Kong Stock Exchange. 

Sheelagh Cooley, real estate partner and head of the Edinburgh office at Shoosmiths, said: “Having supported ETEL with portfolio acquisitions in 2023 and 2024 (which saw 58 sites acquired), we are thrilled to have advised Kwik Fit on this latest acquisition of a further 83 sites. These deals enable one of the UK’s leading tyre, MOT and car servicing retailers to bring more properties under its direct ownership.”