Rasmala advised by Trowers & Hamlins on Amazon warehouse deal

Trowers & Hamlins has advised London-listed investment management group, Rasmala and KAMCO of Kuwait on the acquisition of Amazon’s largest UK distribution warehouse, located in Dunfermline, Fife. The £54m deal marks Rasmala’s fourth UK commercial property deal in less than 18 months and is the biggest of its deals so far.

The Property is entirely let to Amazon UK Services Ltd., the UK operations of Amazon Inc. It is Amazon’s largest distribution hub in the UK at over 1m sq ft, executing 3 in 8 of all parcel deliveries throughout the UK. The Property was purpose built for Amazon’s services with a strategic location close to Edinburgh and Edinburgh Airport.Trowers & Hamlins’ advice on the acquisition included a complex, tax efficient debt and equity structure, accommodating investment from the GCC, as well as the property deal and Islamic financing itself.

The firm previously advised Rasmala on the purchase of the EE Building at Doxford Business Park in Sunderland, the Airbus Premises, at Celtic Springs Business Park in Newport and Abbvie House in Maidenhead

Trowers & Hamlins’ team was led by head of International Real Estate Abdul-Haq Mohammed and included Real Estate partner Sangita Unadkat and Banking and Finance partner Sarah Gooden, along with senior associates Tom Reynolds and Simon Valner.