AshbyCapital’s £217 million acquisition in London’s Fitzrovia and subsequent refinancing


Appleby advised AshbyCapital on its acquisition from Kaupthing ehf of its 50% interest in Fitzroy Place, a mixed-use development in central London’s Fitzrovia which it acquired in November 2016.

The sale valued Kaupthing’s stake at £217.1 million, with Aviva Investors retaining its 50% share of the joint venture. In addition, Appleby also advised on the subsequent refinancing of circa 50% the acquisition costs which completed on 13 February 2017.

The acquisition included the purchase of units from Kaupthing ehf in two separate Jersey Property Unit Trusts.

The Appleby team was led by Partner James Gaudin (Picture) from Appleby’s Jersey office and assisted by Associate Kevin McQuillan.

Involved fees earner: James Gaudin – Appleby; Kevin McQuillan – Appleby;

Law Firms: Appleby;

Clients: Ashby Capital;

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