Acquisition of the Affinity Portfolio by Frasers Group

Deal typeTransaction Services
IndustryReal Estate
Client nameFrasers Group
Frasers Group, through its property division, acquired 100% of the shares Karlin Fleetwood Limited, Karlin Atlantic Village Limited, Karlin Talke Limited and Sterling Mills Limited (the Affinity Portfolio). The Affinity Portfolio comprises four shopping centre properties located in Staffordshire, Lancashire and Devon and one in Stirling, Scotland.  The properties have 157 separate tenancies with an annual rent roll of £4.6m and average WAULT of 2.5 years.

BDO provided financial and tax due diligence, tax structuring and SPA review services in support of the transaction.

The project team included:
Transaction Services: Craig Martin, Andrew Porteous, Greg Wilson, Murray Blair
Tax: Lisa Oakes, Josh Dover
SPA: Laurence Mills