Value: £600 million
Acquirer: Healthcare Ontario Pension Plan
Type: Funding, Investment
The Partners at ASA advised Mansford Helios Ltd Partnership on the sale of its rights and investments in the iPort rail logistics project in Doncaster and the Link Project in Germany to Healthcare of Ontario Pension Plan (HOOPP), a Canadian based pension plan provider.
In connection with the sale, the Partners of ASA advised on the establishment of Verdion as a logistics property investor and developer. Verdion has an exclusive agreement with HOOPP for the funding and development of logistics parks in Europe.
The €1bn (£625m) five-year development programme will see Verdion sourcing build-to-suit projects for logistics operators throughout Europe, focusing on Germany and Scandinavia. The Partners of ASA continue to advise Verdion with its investments and development portfolio in line with the five year development programme.