Paul Hastings Advises Funds Managed by Oaktree Capital Management on £130 Million Joint Venture to Acquire The Kingfisher Shopping Centre
May 01, 2012
London, UK - Paul Hastings LLP, a leading global law firm, announced today that it advised funds managed by Oaktree Capital Management, a subsidiary of Oaktree Capital Group, LLC, in connection with their joint venture acquisition with Capital & Regional of The Kingfisher Shopping Centre.
The acquisition will be made through a new joint venture vehicle formed specifically for this purpose.
The price paid for the centre is approximately £130 million, representing a net initial yield of circa 8 per cent. The centre is a regional mall occupying a 27 acre site comprised of approximately 1 million square feet of retail accommodation.
Real Estate partner Mark Eagan led the Paul Hastings team, which also includes partners Jeffrey Diener and Arun Birla, assisted by Tony Green, Ruth Harvey, Danielle Hirsch, Matthew Poxon and Jiten Tank.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.