Bishopsgate has advised the shareholders of Bowman Stores, a leading cold storage and logistics business on the £74m cross-border sale to Americold Realty Trust.
This represents another complex cross border deal for the Bishopsgate team.
Bowman Stores is a family business that operates from a single campus located in Spalding, Lincolnshire. This campus aggregates 10 million cubic feet with four buildable acres of land to support additional development. Bishopsgate worked closely with the family to run a competitive process culminating in the sale to Americold Logistics.
Americold (NYSE: COLD) (the “Company”), is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses.