Edward Scott and Co have helped Landsec to acquire a 92% stake in retail destination Liverpool One.
Landsec bought from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) (69%) and Grosvenor (23%).
The ADIA interest was acquired via units in two Jersey Property Unit Trusts and the Liverpool One acquisition is part of Landsec’s ongoing strategy to invest in major retail.
Opened in 2008, Liverpool One is one of the most modern and best performing retail destinations in the UK, offering a strong mix of local, British and international retail, food and beverage, and leisure brands that attract footfall of 22 million people per year.
Edward Scott (pictured) and Christa Cuthbert advised Landsec, alongside DAC Beachcroft who advised on English law.
Edward Scott said: “We like working on transactions with JPUTs and Jersey companies and it was a real pleasure to work with Landsec and the wider team on this significant acquisition”.
