Bowman Stores Sold To Americold Realty Trust
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Bishopsgate aconselhou os acionistas das lojas Bowman, um negócio líder de armazenamento a frio e logística na venda transfronteiriça de £ 74 milhões para a Americold Realty Trust. Este campus agrega 10 milhões de pés cúbicos com quatro acres de terra construídos para apoiar o desenvolvimento adicional. Bishopsgate trabalhou em estreita colaboração com a família para administrar um processo competitivo que culminou na venda à Americold Logistics. Advisores
This represents another complex cross border deal for the Bishopsgate team.
Bowman Stores is a family business that operates from a single campus located in Spalding, Lincolnshire. This campus aggregates 10 million cubic feet with four buildable acres of land to support additional development. Bishopsgate worked closely with the family to run a competitive process culminating in the sale to Americold Logistics.
Americold (NYSE: COLD) (the “Company”), is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses.
Bishopsgate Advisors
Ed Wesson
James McBain Allan
Morgan Atherton
Fred Boehler – President & CEO, Americold
We continue to find opportunities to build our network in Europe.
Subsequent to quarter end, we entered into a purchase agreement to acquire Bowman Stores, which operates a single campus located in Spalding, England, for $102 million. The campus aggregates 10 million cubic feet along with four buildable acres of land to support additional development. Nearly all of the customers in this facility are new to Americold and the commodity mix is distributed between protein, prepared foods, and produce. The facility is also one of the few businesses in the UK with a protein export license to China. The asset is located approximately 100 miles north of London and complements our existing Whitchurch site.
MARC J. SMERNOFF - CFO, AmeriCold
Após o final do trimestre, celebramos um contrato de compra para adquirir lojas Bowman no Reino Unido para um investimento total de £ 74 milhões de libras esterlinas, que se traduz em US $ 102 milhões em dólares americanos, e é esperado para fechar este mês. Isso se traduz em um rendimento NOI de entrada líquido de 6,8% e o acordo foi financiado usando o componente esterlino de libra do nosso revólver. Continuamos a executar em nosso plano de crescimento estratégico na Europa.
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