Shepherd and Wedderburn advise LondonMetric

Leading UK law firm Shepherd and Wedderburn has been advising LondonMetric Property Plc on the Scottish aspects of the acquisition of a portfolio of 27 DSF assets (22 stores, four distribution centres and the DFS head office in Doncaster).

LondonMetric are forming a new joint venture with LVS II Lux X S.a.r.l which will be called LMP Retail Warehouse JV Property Unit Trust, and it is this JV that will acquire the 903,700sqft portfolio for £175 million.  The acquisition is due to complete on 25 March 2014.

The team at Shepherd and Wedderburn was led by Real Estate Partner Nick Ryden, supported by Associate Rhona McGregor.