Leading industrial and logistics expertise
We provide expert legal advice to some of the biggest names in the industrial and logistics sector.
Imperial Park, Watford
Size: 199,439 sq ft GIA
Value: £83 million
Date: 2022
We acted for Schroders on the disposal of a 16 unit light industrial/ trade estate in Watford.
Forsters were originally instructed in relation to acquisition and site amalgamation, followed by the forward funding and development of the estate as well as asset management for 15 years until disposal. Our commercial real estate, construction, property litigation and planning teams all advised on the matter.
Super W, Lyncastle Road, Warrington | Cubico, Calder Park, Wakefield | Super B, Cleckheaton, Bradford
Size: total size circa 800,000 sq ft (Warrington - 246,134 sq ft, Wakefield 322.270 sft, Bradford 230,000sft)
Date: 2021/2022
We acted for British Airways Pension Trustees Limited with Tungsten as developer on the acquisition of a former Travis Perkins in Warrington, and two bare land sites in Wakefield and Bradford. We worked closely with Tungsten and the wider professional team on the development and letting of the high specification individual warehouse constructed on each site, with an overall gross internal area across the three sites of circa 800,000 sq ft.
Our commercial real estate, construction and planning teams collaborated in connection with the acquisition of the sites, their development including negotiation of a full institutional construction package and planning advice to bring the sites to PC and completion of letting.
Stone Business Park, Staffordshire
Size: 350,000 sq ft
Date: 2022
We acted for PLP on the purchase of a recently vacated datacentre site at Stone Business Park in Stafford.
Our commercial real estate and construction teams worked together on the acquisition and demolition documentation to ensure that the site is suitable and made ready for re-development into a speculative, prime 350,000 sq ft big box logistics warehouse and over 20,000 sq ft of offices. Further advice will be provided by our specialist teams to facilitate this development.
The 17-acre site is located on Brooms Road, the gateway to the well-established and successful Stone Business Park. It is highly accessible by road with the A34 dual carriageway adjacent and Junction 14 of the M6 motorway located only 5 miles to the south and Junction 15 of the M6 only 9 miles to the north.
The project is set to deliver a host of socio-economic benefits to the local economy, including over 100 additional jobs during construction and over 500 permanent jobs following practical completion. The scheme itself will be BREEAM Excellent rating and will adhere to the UK Green Building Councils Net Zero Buildings Framework.
A detailed planning application has been submitted to Stafford Borough Council and following planning approval and demolition, construction will commence later in 2022 with practical completion expected for Q2 2023.
Access Portfolio
Location:
- Lowry Park, Manchester
- Alpha 167, Warrington
- Luton Road, Dunstable
Value: c.£110 million
Date: 2021
We advised longstanding client Canmoor in relation to the Access Portfolio, a three-asset deal funded by Goldman Sachs.
Our team provided comprehensive advice on the sale and forward funding deals on a trio of logistics assets which totalled £110 million in value and are due for completion in summer 2022. Our multidisciplinary team included expert advice from our corporate team (each asset was sold as an SPV), planning, construction and real estate tax.
The assets are as follows:
- Lowry Park, Manchester – a 25 acre site which will comprise 12 industrial and warehouse units;
- Alpha 167, Warrington – a new high specification logistics/manufacturing facility of up to 167,000 sq ft; and
- Luton Road, Dunstable – a ready to occupy site comprising nine units.
Grand Union Trade Park, London
Size: 100,379 sq ft GEA
Value: £83 million
Date: 2022
We acted for abrdn on the purchase, letting and disposal of a 12 unit light industrial/ trade estate in Grand Union Trade Park, London.
Our commercial real estate, construction, property litigation and planning teams all advised on the matter. The contract for the sale was exchanged within 10 working days of commercial terms being agreed.
Crompton Way, Crawley
Size: 56,177 sq ft
Value: GDV of £27 million
Date: 2022
We advised Wrenbridge and Fiera on the purchase of a 2.4 acre site in Crawley consisting of five industrial units which total 56,117 sq ft.
The business plan is to obtain planning for a new 65,000 sq ft Grade A industrial warehouse development with a GDV of £27 million.
Our commercial real estate and property litigation teams worked closely together to advise the client on a vacant possession strategy which would facilitate the intended business plan.
Our credentials
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Our Industrial and logistics expertise
At Forsters we have a large and cohesive real estate team that has a full understanding and in-depth knowledge of the industrial and logistics market.