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Boutique Jersey law firm advises on Kent shopping centre deal

Boutique Jersey law firm advises on Kent shopping centre deal

Wednesday 24 July 2024

Boutique Jersey law firm advises on Kent shopping centre deal

Wednesday 24 July 2024


Jersey boutique legal practice Edward Scott and Co have advised blue chip property investor Landsec on its acquisition of an additional 17.5% stake in Bluewater Shopping Centre in Kent.

Bluewater has 210 stores, 50 cafés and restaurants, and a 17-screen cinema. It serves over 27 million visitors a year.

Landsec bought this new stake from GIC, the Singaporean sovereign wealth fund, for £120m. It increases Landsec’s ownership in one of the UK’s leading retail destinations to 66.25%.

The acquisition was made via units in a Jersey Property Unit Trust. Edward Scott, Principal, and Christa Cuthbert, Senior Associate, worked on the transaction.

"It was a pleasure to work with Landsec again, towards its objective of growing its investment in major retail destinations," Edward Scott said.

"We are a boutique Jersey practice, focusing on a principal-led, responsive approach, and are lucky to work on great UK real estate transactions, like this one for Landsec, where investors hold through Jersey vehicles."

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