Director - Transaction Advisory & Due Diligence
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 $12 bn.
Real estate, Logicor
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.
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.
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