Paul Hastings Advises Funds Managed by Oaktree Capital Management on £130 Million Joint Venture to Acquire The Kingfisher Shopping Centre
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
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