Ashurst advises investors on €273m refinancing of pan-European logistics portfolio

Global law firm Ashurst has advised funds managed by leading Korean asset manager IGIS Asset Management, together with Knight Frank Investment Management, on a c.EUR273 million term facility secured against three major logistics assets in Bristol, Bretigny and Barcelona. The lenders were entities managed by Invesco Ltd. The assets are all fully leased to subsidiaries of Amazon.

This transaction continues Ashurst's longstanding support for Korean investors and asset managers acquiring, managing, financing and developing assets in all asset classes across Europe.

The Ashurst team was led by UK real estate finance partner Stuart Blacklock. He was supported by a large multi-jurisdictional and cross-disciplinary team including UK partners Sarah Sivyour, Chris Benbow and Tim Gummer. Partners Jose Christian Bertram, Ismael Fernández Antón and Javier Hernández Galante supported in Spain whilst partners Eric Fiszelson, David Noblinski, Anne Reffay and Emmanuelle Pontnau-Faure assisted in France.