Ashurst has advised Arax Properties and Eurazeo on the acquisition of the Trinity Trading Estate
23 September 2021
Arax Properties, an independent real estate operating partner with assets in the UK, France and Germany made the investment alongside JV partner Eurazeo Patrimoine, the real estate division of the listed Eurazeo group.
The well-connected Trinity Trading Estate comprises a highly sought after multi-let trading complex located South East of London and totaling circa 410,000 sq ft (30,000 sqm) with strong rental reversion potential.
The Ashurst team was led by partners Tim Gummer (tax and structuring), Tim Regis (real estate) and Jessica Jenner (real estate finance) alongside a multi-disciplinary Ashurst team.
Tim Gummer said: "We are delighted Ashurst's multi-disciplinary team have been able to continue our relationship and to assist Arax Properties and Eurazeo Patrimoine in connection with this rare opportunity to acquire this highly sought after, and strategically located, multi-let trading estate. We wish Arax Properties and Eurazeo every success in the future with this investment."
Giles Morse, Partner at Arax Properties, said: "Arax Properties is delighted to be undertaking another investment with Eurazeo. Arax Properties has built a best-in-class industrial and logistics team and looks forward to expanding its exposure to the sector across the UK."
