Gowling WLG advises Pacific Industrial & Logistics REIT plc on IPO and £27m property portfolio acquisition

18 April 2016

International law firm Gowling WLG has advised Pacific Industrial & Logistics REIT plc, the new venture backed by Sir John Beckwith, on its IPO and first property portfolio acquisition.

Kristian Rogers, a partner in Gowling WLG's corporate team, led and advised on the IPO and £12.2m fundraising, while fellow corporate partner, Michael Lacey, advised on the £27m acquisition, consisting of 11 industrial properties primarily located close to the M1 motorway around the so-called 'Golden Triangle' area in the Midlands. Real estate and finance advice was provided by partners Phil Clissitt and Jonathan Lent respectively.

The Gowling WLG team had further support from: director Anna Colley (real estate); senior associates Elizabeth Napier (real estate); Luke Menzies (real estate); and Samantha Myers (corporate); and associates Alice Bucharova (real estate), Rachael Orchard (corporate), and Tom Wilson (corporate).

Non-executive director of Pacific & Logistics REIT, Richard Moffitt said: "We've managed to achieve a great deal in the last few weeks and it was very reassuring to have Kristian Rogers and the Gowling WLG team supporting us. They've provided excellent legal advice on a number of complex issues."

Kristian Rogers commented: "We've thoroughly enjoyed working with Richard and his team. Pacific & Logistics REIT has exciting plans for its growth and investment and we very much look forward to helping them achieve further successes in the future."

Gowling WLG consistently features at the top of ARL's AIM Advisers Rankings Guide, and is recognised for its leading position in the AIM market, acting for nominated advisers (nomads) and AIM companies alike. The firm recently launched "Make way for the middle: the future shape of the UK economy" - a comprehensive study forecasting and comparing the growth trajectory of the trade of the UK's small, medium and large businesses.