Custodian Property Income REIT acquire portfolio via share and cash transaction

Fairlie Norbury Real Estate advised Custodian on the off market acquisition of a mixed use seven property portfolio comprising 140,000 sqft including a Mercedes car showroom with offices above on a two acre site and a parade of eight prime shops in Beaconsfield with an M&S Simply Food. In Gerrards Cross they acquired an Anytime Fitness, 25 flats and four office and retail buildings. Custodian acquired the share capital of the vendor family property company via a share and cash swap (a particularly tax efficient sale structure for the vendor). This is a good example of FNRE ensuring the client received the best in class occupational advice by sourcing sector specialists in Car Showrooms, Foodstores, Shops, Offices, Residential and Health & Fitness as well as working well with the vendor agent team to ensure that solutions were found to what at times seemed insurmountable problems. Total transaction value was approximately £36 million.