Forsters acted on behalf of Clerical Medical Managed Funds Limited in the sale of their 50% joint venture interest in a recently developed shopping centre at St Catherine’s Walk, Carmarthen.Read more
Forsters continues to act for The Alrov Group in relation to the major redevelopment of the Café Royal Site on Regent Street, London, W1 to include the redevelopment of a major new hotel project with substantial retail units fronting Regent Street. Pre-lets to Nespresso and Lotus have been concluded at rents of £875,000 and £550,000, (respectively).Read more
Forsters has acted for longstanding client Rockspring Property Investment Managers on the purchase of a site for the speculative development of a 60,000 sq ft office scheme in Staines, Surrey.Read more
Forsters acted for LXB Retail Properties Plc in relation to a major retail development scheme at Bugsby's Way, Greenwich including pre-let agreements with Sainsbury and Marks & Spencer. Forsters has provided a full range of services (including planning, construction and property litigation) in relation to the creation of the scheme by LXB from a tired industrial estate in Greenwich.Read more
Forsters has acted on two transactions for PFA Pensions and ICL Pension Trust Limited; the two deals are worth a total of nearly £30m.
The first, the sale of an office building on Reading's King's Road for PFA, was for £19m. PFA is the largest pension fund in Denmark and a longstanding client of Forsters.Read more
Corporate partner, Craigie Pearson, with Philip Wigg and commercial property senior assistant, Victoria Towers, acted for Bespoke Hotels Limited on its taking of two long leases, one for Cotswold House Hotel and one for the Noel Arms, both in Chipping Campden.
Commercial property partner, Matthew Swainston, has acted for long standing client Redevco UK in respect of the disposal of 180-190 Lewisham High Street which completed on 15 November 2011. A sovereign wealth fund purchased the retail unit for £7.65 million. The unit is wholly let to Primark.Read more
Forsters has acted for longstanding client BA Pension Fund on the sale to National Grid UK Pension Scheme of a 50% stake in its Avonmeads Retail Park in Bristol for £32.5m.
The retail park comprises 165,000 sq ft and has an unrestricted open A1 consent. It is let to Boots, Mothercare, Marks & Spencer and Outfit.Read more
Forsters has acted for a syndicate of Irish investors in connection with the sale of 11-17 Castle Street & 8-10 Castle Meadow, Norwich for circa £6m. The property, situated in the heart of Norwich city centre, is within one of the core pedestrianised retailing thoroughfares.Read more
Commercial property partner Andrew Crabbie acted for The Chamber of Shipping on its sale of Carthusian Court, 12 Carthusian Street, London EC1 to The Property Trust Group.
This prime mixed use building totalling 31.031sq m comprises office, retail, residential and ancillary accommodation .Read more