Mourant Ozannes has acted as Jersey legal adviser to the Aerium group in the sale of a significant commercial property portfolio worth £330 million.
Working alongside King & Wood Mallesons, the team at Mourant Ozannes advised pan-European real estate investment manager Aerium on the sale of prime commercial properties in Manchester, Bristol and Aberdeen, held by a number of Jersey entities.
The portfolio comprised the prestigious One Glass Wharf building in Bristol, the headquarters of leading UK law firm Burges Salmon, the iQ Building in Aberdeen and one of the tallest buildings in Manchester.
The team from Mourant Ozannes was led by partner Ben Robins. He commented: "This was a very significant transaction for Aerium and quite an involved one because of the desire to sell a portfolio of three distinct, large assets simultaneously in a single deal. We were delighted that our team was instructed to advise on the Jersey law aspects of the deal and we were really able to bring our strength in depth to bear on it."
Headquartered in Luxembourg, with offices operating in key European markets, Morocco and Turkey, Aerium manages over €6.1billion in property assets across 12 countries.