Bedell Cristin has advised AM alpha Kapitalverwaltungsgesellschaft mbH in connection with the acquisition of the Rylands Building in Market St, Manchester

Bedell Cristin Guernsey Partnership, working with English counsel Pinsent Masons LLP, has advised AM alpha Kapitalverwaltungsgesellschaft mbH in connection with the £87 million purchase of the Rylands Building, the 470,000 sq ft Grade II listed Debenhams department store in Manchester.

The acquisition by AM Alpha involved the purchase of the entire issued share capital of CD9 Properties (Manchester) Limited. Bedell also advised on the subsequent financing transaction of AM alpha Kapitalverwaltungsgesellschaft mbH by Landesbank Baden- Württemberg, via a Guernsey SPV.

The Bedell Cristin Guernsey team was led by finance partner Kate Ovenden, who was assisted by senior associate Sukhvinder Chana.