Opal Partners acquired a portfolio of light industrial assets in the Netherlands and Belgium in a sale and leaseback transaction on behalf of a UK Family Office for over €20M. 

The transaction was structured in two tranches as a corporate and asset deal. 

Opal Partners acquired a portfolio of light industrial assets in the Netherlands and Belgium in a sale and leaseback transaction on behalf of a UK Family Office for over €20M. The transaction was structured in two tranches as a corporate and asset deal. 

Opal Partners advised on the acquisition of a logistics portfolio in Northern France for French Institutional Client.

Opal Partners advised a French institutional investor on the acquisition of a 41,815 sqm portfolio of two logistics assets in Vimy and Bruay-la-Buissière in Northern France for ca. €20M. One asset was vacant and one asset has a very short time to vacant possession.

This was the fund’s first acquisition in France. Opal Partners sourced and delivered the deal off-market and negotiated a new lease with a leading French industrial tenant on the vacant asset prior to closing. Both assets were purchased at a discount to valuation.

Opal provided full buyside advisory for the client, and instructed due diligence teams on the legal and technical side.

Opal Partners has advised on the acquisition of a forward funding urban logistics development project in Valencia, Spain.

The new logistics facility has a GIA of ca. 8,000 sqm and will be constructed adjacent to a larger ca. 30,000 sqm industrial and logistics warehouse acquired by Opal Partners in 2020. On completion, the logistics facility will be fully let on a long-term lease to a large global corporate. 

Opal Partners provided full buyside advisory services on the transaction and was instrumental in negotiating all aspects of the forward funding structure. The vendor was a Spanish Family Office.

This represents the second logistics transaction that Opal Partners has executed in the Spanish market in the past year. 

Opal Partners advised on the acquisition and financing of a logistics property in Bindlach for Institutional Client.

Opal Partners advised an Asian institutional investor on the acquisition of a 54,000 sqm logistics asset in Bindlach in Bavaria single-let to a market-leading German retailer with Pan-European operations for ca. €50M. The asset is mission-critical representing the tenant's only HQ and global distribution centre.

This was the fund’s first acquisition in Germany. Opal Partners sourced and delivered the deal off-market through a direct relationship with the owner, and negotiated an early lease re-gear with the tenant prior to closing to purchase at a discount to valuation.

Opal Partners sourced senior debt financing for the transaction at competitive terms enabling the investor to achieve an attractive net cash yield.

Opal provided full buyside advisory and debt origination for the client, and instructed due diligence teams on the legal and technical side.

Opal Partners advises on landmark office acquisition in Belfast for Middle Eastern Client.

Merchant Square, a newly redeveloped prime office building in the centre of Belfast is the new home of PwC in Northern Ireland and has been acquired for £87M in the largest single office deal in Northern Irish history. 

The entirety of the 250,000 sqf of office space is let to PwC until 2040, with break options in 2030 and 2035, and generates an annual income of £4.86m.

 PwC staff are planning to start moving into the building in the summer and will house 3,000 employees in the firm’s largest UK office outside of London.

 “We are proud to have created one of the biggest commercial property schemes in Northern Ireland,” said Guy Hollis of the vendor, Oakland Holdings. 

“Five years ago, Merchant Square was a concept for a quality speculative building which reflected the demand for office space in Belfast. Now built and fully let, it has attracted interest from global investors. Merchant Square is an indication of what Belfast can achieve.”

Opal Partners advised on the acquisition and financing of a logistics property in Valencia for Asian Institutional Client.

Opal Partners advised an Asian institutional investor on the acquisition of a 30,000 sqm logistics asset in a prime, urban logistics submarket of Valencia and single-let on a long lease to a market leading Spanish corporate with global operations for ca. €20M.

This was the fund’s first acquisition in Spain. Opal were instrumental in sourcing and delivering the deal, taking advantage of a broken sale process to buy at a discount to valuation.

Opal Partners sourced senior debt financing for the transaction at competitive terms in a challenging debt market for new investors enabling the investor to achieve an attractive net cash yield.

Opal provided full buyside advisory and debt origination for the client, and instructed due diligence teams on the legal and technical side.