24 Nov 2020
Environmental Transaction Services
Delta-Simons are pleased to have supported Universities Superannuation Scheme Ltd - the trustee of the UK's largest private pension scheme by way of assets - on a major investment in BP's freehold property estate of 199 UK forecourts.
In a transaction arranged by USS Investment Management, the wholly-owned subsidiary and principal investment manager and advisor to the Scheme, USS has agreed to invest nearly £400m for a 49% stake in a sale and leaseback of the estate.
Delta-Simons was able to deploy a senior team from their Environmental Transactions Services Division and colleagues in both the Geo-Environmental and EHS business divisions, to undertake a top to bottom due diligence of the BP portfolio in a matter of weeks to meet the challenging project timescales.
Commenting on the Delta-Simons involvement in the project, Alan Crossfield, Divisional Director, said: “I’m very proud of the Delta-Simons team for their commitment and diligence on this project, and the valuable commercial advice we were able to provide to USS. The team worked extremely hard to ensure the right outcomes were achieved for the Client”.
See Delta-Simons Environmental Transaction Services | Delta Simons for further information.