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Shoosmiths advises Moorfield Group on £53.5 million disposal of The Trilogy

Leading UK law firm Shoosmiths has advised national real estate fund manager Moorfield Group on the disposal of The Trilogy to Barings for approximately £53.5 million.

The Trilogy is a build to rent asset based in Manchester featuring 232, one, two and three bed apartments, together with a range of onsite amenities, including a gym, 24 hour concierge, underground car parking for 75 vehicles, a communal courtyard garden and a residents’ lounge. The disposal was transacted by way of corporate share sale.

The multi-disciplinary Shoosmiths team was led by corporate Partner Simon Procter together with Natalie Hager and Anna Jackson-Smith (Corporate), alongside Simon Meek, Richard Bellamy and Charles Jackson (Real Estate), Kate Garcia (Tax) and Tim McNamara and Saima Rasool (Banking).

Shoosmiths’ Simon Procter, said: “We are pleased to have advised Moorfield on the successful divestment of The Trilogy. The Shoosmiths cross-practice team has worked incredibly hard together with Moorfield and the wider advisory teams to deliver this transaction – it has been a fantastic team effort.”

Moorfield Group was also advised by PwC (tax) and Arendt & Medernach SA (Luxembourg legal).

The sale is the latest transaction successfully delivered for Moorfield Group, with Shoosmiths also advising on their recent £600 million partnership with Bricklane, the proptech residential investment platform and the £57m divestment of the Newcastle based Forge rental apartment and commercial unit earlier this year.

Disclaimer

This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. 

© Shoosmiths LLP 2021.

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