Starwood Capital Group’s Acquisition Of 29.42% Stake In RDI REIT

Kirkland & Ellis advised Starwood Capital Group on the deal.

Starwood Capital Group executed the acquisition of a 29.42% stake in London-listed RDI Real Estate Investment Trust (REIT) from South African investor Redefine. The shares will be bought from Redefine for an aggregate sale consideration of £106.3 million, representing £0.95 per share.

Starwood Capital Group is a private investment firm founded in 1991 by Chairman and CEO Barry Sternlicht, with a core focus on global real estate, energy infrastructure and oil & gas.

RDI is an established UK REIT invested in a diversified portfolio in the United Kingdom and Germany independently valued at £1.65bn.

The Kirkland team advising Starwood Capital Group was led by transitional partners Mark Thompson (Picture) and Matthew Elliott; real estate finance partner Jonathan Birks; tax partner Jonathan Kandel and antitrust and competition partner Mark Gardner.

Involved fees earner: Jonathan Birks – Kirkland & Ellis; Matthew Elliott – Kirkland & Ellis; Mark Gardner – Kirkland & Ellis; Jonathan Kandel – Kirkland & Ellis; Mark Thompson – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Starwood Capital Group;