Forsters has acted for Scottish Widows Investment Partnership on its purchase of Brighton Retail Park for £17.75m from Legal & General Property represented by Eversheds.
The 42,300 sq ft park with 190 car parking spaces is fully let to Marks & Spencer Simply Foods, Argos and Next.
Read moreForsters 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.
Read moreCommercial 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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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 moreForsters 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 moreForsters 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 moreForsters 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 moreCorporate 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.
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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.
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