Leading global law firm Baker McKenzie has advised Intermediate Capital Group (ICG) on its agreement to forward fund a new 2.94 million sq ft global parts logistics centre for Jaguar Land Rover at Mercia Park (Leicestershire).
The deal represents one of the Europe’s largest-ever single occupier build-to-suit transactions with ICG partnering with IM Properties to deliver the scheme. The centre will service 80 countries and be right at the heart of the UK’s Golden Triangle.
Matthew Smith, partner of Baker McKenzie said, “We are delighted to have advised ICG on this transaction which not only represents the Sale and Leaseback fund's largest investment to date, but also one of the biggest single occupier logistics developments ever undertaken in Europe. ”
The Baker McKenzie UK team was led by Real Estate partner Justin Salkeld and Banking Partner Matthew Smith with support from fellow partners James Smith (Tax), Justin Hutchinson (Corporate), Sebastien Marcelin-Rice and Geoff O'Dea (Banking & Restructuring), Haden Henderson (Corporate Finance) and associates Benjamin Adams, Priyanka Usmani, Will Sugden, Ed Ruckert, Sam Greer and Rohit Karamchandani.