Forsters advise on speculative logistics development

Forsters has advised Wrenbridge, on behalf of the Palmer Capital Development Fund IV, in relation to a joint venture arrangement with the owner of a site in Basildon for the redevelopment of that site into a new 223,000 sq ft warehouse scheme.

A planning application for the £35 million speculative development is due to be submitted in July for a three-unit scheme.

Commercial Real Estate partner, Victoria Towers, is advising Wrenbridge/Palmer in relation to the development scheme, assisted by Edward Glass. Construction advice is being provided by Head of Construction, Sarah Cook, assisted by Daniel Burr.