LAWFUEL – The Law Newswire – DLA Piper has advised aAIM Group on its acquisition of a joint venture stake in PPHO Limited from Nat West Property Investments Limited.
The acquisition vehicle, called aAIM Turbo LLP, has acquired a 49% stake in PPHO Limited, whilst the other 51% stake in PPHO Limited remains held by Pendragon Group Services Limited, a subsidiary of Pendragon plc. PPHO Limited owns 115 properties located throughout the UK that have been leased back to members of the Pendragon group.
