Walkers advises Aareal Bank on financing for major UK retail park acquisition

Our Jersey Banking and Finance team has advised Aareal Bank in connection with a £290 million facility to Redevco, one of Europe’s largest privately-owned real estate managers, for the acquisition of 16 retail parks across the United Kingdom. This transaction represents one of the largest retail property deals in the UK market in 2024.
 
The Walkers' team, led by partner Jon Le Rossignol, advised on the Jersey law elements of the financing, as instructed by Pinsent Masons LLP. 
 
The Walkers' team included senior counsel Melissa Hellio and associate Seyed Ahlesaadat. 
 
Melissa Hellio said: "We are pleased to have advised our client Aareal Bank on this key transaction for, which clearly highlights the ever-increasing confidence in UK real estate and in particular, the retail sector."
 
Jon Le Rossignol, added: "We are experiencing a pleasing return to form of the UK real estate market and the connected use of offshore structuring; delighted to have worked closely with the Pinsent's team to help deliver one of the largest retail property deals in the UK market in 2024".