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
Commercial property partner, Matthew Swainston, has acted for Mayer Real Estate in respect of the acquisition of Peter House, Peter Square, Manchester which completed on 5 October 2011. Mayer paid £14.7 million for the Central Manchester 95,000 square foot office building, which is predominately let to Regus. Peter House is a landmark office buildiRead more
Forsters acts in relation to grant of planning permission for new luxury hotel on City Road, London, EC1.
Tim Taylor, Head of Planning at Forsters, has acted for Soneva Properties providing advice in respect of their proposed new hotel development. Planning permission was granted by the London Borough of Hackney on 19 September 2011 for a new 23 storey building which will form a 247 room 4 star hotel. The hotel will include an 838 sq metre business centre, restaurant, bar and all theRead more
Forsters has acted for F&C Commercial Property Trust Limited in relation to the forward funding of a development of a five block, 499 bed student hall of residence with ground floor café, gym and launderette in Winchester.Read more
Forsters acted for Lathe Investments in relation to a £36 million loan from the Co-operative Bank to refinance its, Ladysmith Shopping Centre in Ashton Under Lyne, Greater Manchester. This shopping centre was built in the 1960's and was refurbished in the 1990's and comprises 50 units including Greggs, TopShop, Peacocks, Timpsons, First Choice and Boots. Forsters continues to do aRead more
Forsters has acted for Helical (Aldridge) Limited on the sale of land and buildings at Westgate, West Point, Aldridge. The property was sold to Charter House Investments LLP for £5.8 million and the sale completed on 16 August 2011. The property is used as a large recycling unit and is let to Greenstar Environmental Limited.Read more
Regeneration Scheme at Cherry Orchard Road, East CroydonRead more
Forsters has acted for the British Airways pension fund on a pre-let to Waitrose of a c400,000 sq feet distribution warehouse at Matrix Park in Chorley, Lancashire, to be developed by Evander Properties.Read more
Forsters has acted for Mayfair Capital Property Unit Trust (MCPUT), the Jersey Property Unit Trust (JPUT) with £100m of equity from Schroders Property Investment on further acquisitions.Read more
Forsters acted for Realis Estates as Developer in relation to the £350 million redevelopment of the East West Centre in Stoke- on-Trent. The development will provide a new regional shopping centre with over 600,000 square feet, including a department store, a wide range of retail units, a cinema, hotel and new parking facilities for the town centre. Work has commenced in relationRead more
Forsters has acted for Mayer Real Estate (MRE) on its first UK property acquisition. MRE is part of the privately owned Mayer Group which is the largest auto and transport group in Israel. MRE coordinates the Mayer Group’s activities in the real estate sectors and has substantial investments throughout Israel and Western Europe.Read more
Sale of Castlegate Shopping Centre, Stockton-on-Tees
Forsters has acted for a longstanding client, Lathe Investments, in relation to the sale of the Castlegate Shopping Centre, Stockton-on-Tees for £27.8 million.Read more
Forsters acts for Cheshire West and Chester Borough Council Pension Fund on £17m retail park purchase
Forsters has acted for Cheshire West and Chester Borough Council Pension Fund (clients of Rockspring Property Investment Managers LLP) on their purchase of Maybrook Retail Park, Canterbury from Downham Properties.Read more
Forsters has acted for Trehaven Group on the sale of Court Lane Industrial Estate in Iver in Buckinghamshire for £12.67m to Rockspring Hanover Property Unit Trust.
The 37,000 square feet of buildings are housed within 14 acres of land in a multi-let and open storage industrial estate in a strategic location close to Heathrow airport.Read more