Largest
European real estate deal – 2017
Real Estate, Logicor
The client was Blackstone UK and mainland European logistics business, Logicor. RPS provided vendor’s environmental liability assessments to support the sale of Logicor’s UK portfolio, which comprised a variety of warehousing, logistics and distribution centres, to affiliates of China Investment Corporation (CIC) for approximately $12bn.
Key details
Project name
Real Estate, Logicor
Client
Logicor
Location
UK
Services provided
- Real estate environmental due diligence
Challenge
The vendor’s environmental due diligence process included the completion of desk studies, site inspections and interviews to appraise operations, management and legal compliance as well as a review of neighbouring impacts, for over 85 sites. These services were delivered within a compressed time-frame to meet deal timescales.
Solution
Our approach provided rapid, comprehensive and commercially-focused advice giving the buyer clarity and confidence. The RPS reports were included in the sales pack and enabled environmental considerations to be framed in a suitable context and avoided any 11th hour complications or unnecessary leverage on price.
Project statistics
$ 12 bn
deal value
> 85
UK sites
3000000 m2
floor space