Padlock Euro Storage Fund I (the “Fund”) today announced that it has closed the previously announced transaction pursuant to which QR CS Padlock LP, an affiliate of QuadReal Property Group (the “Purchaser”), indirectly acquired the Fund’s portfolio of 27 self-storage and mixed-use properties located in the United Kingdom (the “Transaction”) in accordance with the terms and conditions of a sale and purchase agreement (the “Purchase Agreement”). The Fund also announced that, in connection with the closing of the Transaction and consistent with the distribution framework detailed in its December 19,…
Padlock Euro Storage Fund I Announces Closing of Portfolio Sale and Declaration of Special Distribution
