Kirkland & Ellis advises Starwood Capital Group on acquisition of RDI REIT stake

Kirkland & Ellis has advised Starwood Capital Group on the acquisition of a 29.42 per cent stake in London-listed RDI Real Estate Investment Trust (REIT) from South African investor Redefine. 

The shares will be bought from Redefine for an aggregate sale consideration of GBP106.3 million, representing GBP0.95 per share.

The Kirkland team was led by corporate partners Mark Thompson and Matthew Elliott; real estate finance partner Jonathan Birks; tax partner Jonathan Kandel and antitrust and competition partner Mark Gardner.