Mayer Brown advises investment fund Aprirose on £18.5m purchase-and-leaseback of Legoland hotel
25 August 2010
25 August 2010 – Leading international law firm Mayer Brown advised property investment fund Aprirose on an £18.5m purchase -and-leaseback of the Legoland Hotel in Windsor from Merlin Entertainments.
Merlin will develop the 150-bed themed hotel at the Windsor theme park which is scheduled to re-open in early spring 2012 and take a 35-year lease back on the 2.7 acre site with an option to renew for another 35 years.
Aprirose Real Estate Investment has approximately £1.1bn of real estate under management with a reach extending beyond the United Kingdom to the rest of Europe, the Gulf region, the Indian Sub-Continent and Kenya.
Peter Sugden, head of Mayer Brown's Real Estate group and who lead on this transaction said: " We are pleased to be acting for Aprirose who are currently one of the most active investors operating in the UK real estate investment market. This deal is significant to Mayer Brown’s London Real Estate group as it builds on our increasingly significant track record in hotels across the UK and Europe as part of our Global Hospitality & Leisure Group."
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