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23 January 2012

Forsters acts on leases at The Pavilion Crawley

Forsters has acted for Rockspring Hanover Property Unit Trust in respect of the negotiation of several leases at the Pavillion, Crawley.

A lease of Unit 2 was granted expiring 23 June 2030 at initial rent of £45,000.00 per annum with fixed uplifts to £49,050.00 in 2015, and then at 5 yearly intervals to £53,465.00 in 2020 and £58,276 in 2025.

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18 January 2012

Forsters acts on sale of 110-114 Middlesex Street for £19m

Forsters has acted for longstanding clients Danescroft and Palmer Capital in respect of the sale of 110-114 Middlesex Street, London, E1. The building benefits from its prominent location opposite the Bishopsgate entrance to Liverpool Street Station. The 48,000 square foot multi-let office and restaurant space had been substantially refurbished and re-let in recent years.

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10 January 2012

Forsters acts for BA Pensions on 350,000 sq ft warehouse prelet

Forsters has acted for longstanding client BA Pensions on what is said to be the biggest prelet in the north-east for a decade. Distribution company Clipper Logistics will occupy a new 343,000 sq ft warehouse at Wynyard Park, Stockton on Tees, which is scheduled for completion in September 2012, on a new 16 year lease.

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6 January 2012

Forsters acts on £14.05m disposal for Redevco UK

Commercial property partner, Matthew Swainston, acted for long standing client Redevco in respect of the disposal of a retail property at Humberstone Gate, Leicester for £14.05 million.

The retail unit was purchased by the occupier Primark Stores Limited and the sale completed on 6 January 2012.

 

 

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22 December 2011

Forsters acts on redevelopment of Cafe Royal Site

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).

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1 December 2011

Retail Developments for LXB

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.

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30 November 2011

Forsters completes £30m pension fund deals

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.

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"Forsters are very good. They have been doing this for many years and are consistent performers."  
Chambers UK, 2017
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