Ogier in Jersey has acted for Moorfield Real Estate Fund and Moorfield Real Estate Fund II in connection with the exchange of contracts to sell a diversified real estate investment portfolio to Lone Star Real Estate Fund III for approximately £1 billion.
The portfolio comprises both traditional real estate investments (retail and offices) as well as alternative real estate investments (hotels, residential and student accommodation).
Ogier Partner, Katrina Edge commented “We were delighted to once again assist Moorfield on such a significant transaction which is likely to be one of the largest real estate transactions of the year.”
The Ogier team consisted of Katrina Edge, Matthew Gilley, Christian Burns-Di Lauro, Michael Robinson and Jennifer Cox.
English legal advisers were Herbert Smith Freehills LLP for Moorfield Group and Allen & Overy LLP for Lone Star.