Padlock Euro Storage Fund I (the “Trust”) announced today that it has indirectly acquired 100% of the share capital of SBR WB Limited for £100,000 which was satisfied by way of cash from the proceeds of the Trust’s recently secured refinance debt facility. The sale includes the company’s rights and obligations pursuant to a property purchase agreement that provides an asset purchase of £5,734,000 when the condition precedents of the agreement are satisfied which include delivery of a newly constructed and completed storage warehouse (the “Property). The Property consists of…
Padlock Euro Storage Fund I Completes Acquisition Of SBR WB Limited in the United Kingdom
