Kirkland Advises Blue Owl Capital on £403 Million Joint Venture Investment with SUPR

Kirkland & Ellis advised U.S. alternative asset manager Blue Owl Capital on a joint venture (JV) with Supermarket Income REIT plc (SUPR), formed with an initial portfolio of eight supermarket properties contributed by SUPR, with a combined value of £403 million. The transaction marks Blue Owl’s first major investment in the UK grocery sector. The JV provides a platform for further growth, seeking to acquire additional high yielding supermarket assets, with a view to grow the assets of the JV up to £1 billion over the coming years.

Read the transaction announcement

The Kirkland team included corporate lawyers Celyn Evans, James Hunn, Miroslav Tomo, Shaun Chung , Claudia Carr and Max Collins; tax lawyers Mavnick Nerwal, Ian Ferreira, Frixos Hatjantonas, Frankie Beetham, Alexandria Solomou and Joseph Riddle; real estate finance lawyers Andrew Van Noord and David Rosenberg; investment funds lawyers Michael Wester and Christian Silva; and financial services regulatory lawyers Deirdre Haugh and Terry Yiangou.