Kirkland Advises Blue Owl Capital on Sale and Leaseback of 20 UK Supermarkets and One Logistics Facility from Asda

Kirkland & Ellis advised Blue Owl Capital on the sale and leaseback of 20 UK supermarkets and one logistics facility from Asda valued at over £450 million.

Eleven assets were sold to funds managed by Blue Owl Capital, and the remaining ten were sold to a joint venture between Blue Owl Capital and Supermarket Income REIT PLC (SUPR).

Read the transaction announcement

The Kirkland team included corporate lawyers Celyn Evans, Shaun Chung, Toshi Mahapatra, Sher Lin Wong, Max Collins, Rika Hayashida and Ece Osman; tax lawyers Meredith Levy, Mavnick Nerwal, Ian Ferreira, Frixos Hatjantonas, James Seddon, Alexander Cox, Hugo Coleman, Joe Riddle and Alexandria Solomou; financial services regulatory lawyers Thomas Woodhead, Deirdre Haugh, Sky Kim, Raluca Dumitru, Daniel Fallon, Finlay MacDougall and Terry Yiangou; debt finance lawyers Mary Kogut, Kazik Michalski, Katherine Hannah and Kirby Swartz; executive compensation lawyer Mike Krasnovsky; investment funds lawyers Becca Lock and Nick Tarnowski; and real estate lawyers David Rosenberg and Andy Van Noord.