Tritax, a leading logistics real estate fund manager with assets under management of approximately £5.1 billion, and ASI are aligned on the future direction and growth trajectory of the business with the focus being on strengthening their combined offering in the growing logistics real estate market. The transaction provides an opportunity for Tritax to support its long term growth objectives across logistics real estate whilst benefitting from the breadth and depth of ASI's global investment expertise and broader real estate capabilities. Tritax's management will lead ASI Real Estate's Logistics Team.
ASI will initially acquire a 60% interest in Tritax and the transaction is expected to complete in early 2021 (subject to the receipt of regulatory approvals and satisfaction of customary closing conditions).
The Ashurst team was led by corporate partner Bruce Hanton and tax partner Alexander Cox, with support from corporate associates Sara Hamzawi and Hamish Tester and tax associate Rebecca Kell. Partner Bradley Rice and associate Vidhi Mahajan advised on regulatory matters. Throughout the transaction Ashurst worked closely with Tritax's financial adviser, Berkshire Global Advisors.
