Ashurst has advised KTB Investment & Securities together with KTB Asset Management on an off-market acquisition of the Tesco Distribution Centre in Donabate, Ireland for approximately €160 million.
DTZ Investors and Cushman & Wakefield originated the asset off-market and the transaction represents the largest single-asset logistics deal in Ireland to date.
KTB Investment & Securities Co., Ltd. provides brokerage, investment trust, and underwriting services. The Company also provides services in the areas of cyber trading, mutual funds, asset backed securities (ABS) issuing, municipal bonds trading, and venture capital.
The Ashurst team was led by tax partner Tim Gummer (Picture). Corporate real estate advice was provided by partner David Jones and senior associate Chris Benbow. Real estate finance advice was provided by partner Sarah Watkinson and senior associate Kate Davies in London and partner Fabien Debroise and associate Ludmilla Bouchez-Lecuy in Luxembourg. International tax advice was provided by a team comprising Tim Gummer, partner Simon Swann and associate Laura Burt in London and by counsel Chiara Bardini in Luxembourg. Construction advice was provided by partner Ben Patton and senior associate Siobhan Kiely.
Irish law advice was provided by Walkers in Dublin led by Jonathan Sheehan.
Involved fees earner: Chiara Bardini – Ashurst; Chris Benbow – Ashurst; Ludmilla Bouchez-Lecuy – Ashurst; Laura Burt – Ashurst; Kate Davies – Ashurst; Fabien Debroise – Ashurst; Tim Gummer – Ashurst; David Jones – Ashurst; Siobhan Kiely – Ashurst; Ben Patton – Ashurst; Simon Swann – Ashurst; Sarah Watkinson – Ashurst;
Law Firms: Ashurst;
Clients: KTB Investment & Securities Co Ltd;