Riverside Capital completes on the purchase of two distribution depots let to DPD
“This transaction involved an offshore structure and lawyers from various jurisdictions so pulling all the aspects together required careful management. We are delighted to have been involved and we look forward to working with Riverside Capital on their ambitious plans for 2017”.
We recently acted for Riverside Capital on the purchase of two purpose-built delivery depots. The total purchase price of the assets was £14.86m, funded by a combination of debt provided by NatWest and equity raised from Riverside Capital’s private investor base and its partners.
The properties are located in Aberdeen and in Swinderby, near Lincoln. The Aberdeen property will allow DPD UK to service their north of Scotland business, and is in a strategic location which will be further enhanced by the forthcoming completion of the Aberdeen Western Peripheral Route during 2017. The property near Lincoln in the East Midlands is located adjacent to a major trunk road and has excellent access to airports, sea ports and the national motorway network.
The EMW team, which also co-ordinated input of lawyers in Guernsey and Scotland, was led by Jody Bingham (Banking), Nick Lloyd (Corporate) and Alex Miller (Real Estate) with assistance from Irfan Lamba (Banking) and Andrew Timoney (Real Estate).
If you would like to find out more about this deal, please get in touch with Jody Bingham.