Conygar Investment Company PLC’s sale of its Investment Property Portfolio

Gowling WLG, Ogier, Burness Paull, Macfarlanes and Bedell Cristin advised on The Conygar Investment Company’s disposal of the Special Purposes Vehicles that owned its investment property portfolio.

The purchaser was Regional Commercial Midco Limited (the “Purchaser”), a wholly owned subsidiary of Regional REIT Limited and the consideration payable attributed a value to the investment property portfolio being sold of approximately £130 million.

As part of the transaction the Purchaser agreed to assume the obligations and liabilities owned by Conygar to its subsidiary Conygar ZDP PLC, a separate entity whose zero divided preference shares (“ZDP’s”) are listed on the London Stock Exchange.

On the corporate side, the Gowling WLG team was led by corporate partner Nick Heather (Picture) who was assisted by tax partner Michael Murphy, principal associate Amar Adatia and associate Vijan Ghedia.

On the real estate side the Gowling WLG team was led by real estate partners Huw Roberts and Sarah Galvin assisted by associate Natasha Brown.

Gowling WLG was also assisted by Ogier in the Channel Islands. The Purchaser and Regional REIT Limited were represented by Burness Paull, Macfarlanes and Bedell Cristin.

Involved fees earner: Nick Heather – Gowling WLG; Amar Adatia – Gowling WLG; Michael Murphy – Gowling WLG; Huw Roberts – Gowling WLG; Sarah Galvin – Gowling WLG; Natasha Brown – Gowling WLG;

Law Firms: Gowling WLG;

Clients: Conygar Investment Company Plc;

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