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Tenfell
Awarded contract
Published 15 Jan 2025

Solicitors for the conveyancing for purchase of Exeter Logistics Park

Staffordshire County Council · West Midlands

Key facts

Contract value
£25,000
Awarded
19 Nov 2024
Contract starts
19 Nov 2024
Contract ends
31 Jan 2025
Procedure
Other - Awarded in accordance with procurement regulations
Buyer type
Local government

Awarded to

SupplierValue
Browne Jacobson Solicitors£25,000

Description

To provide conveyancing and legal advice to the Staffordshire Pension fund on the purchase of a prime large industrial/warehouse property in Exeter, Devon for a purchase price of £25.1m. I understand the property is held on a long leasehold (999 years) and will be a TOGC.

The property comprises three let units as follows:

• secure open storage site extending to 5.99 acres (2.43 Ha). • distribution warehouse totalling 54,771 sq ft GIA with two storey office accommodation on a site measuring 6.93 acres (2.80 Ha). • distribution warehouse totalling 29,082 sq ft GIA with two storey office accommodation on a site measuring 1.71 acres (0.69 Ha).

Services to include; • Full title, construction and planning due diligence. • Negotiating the contract and transfer • Advising on the SDLT and VAT position • Preparing a full transaction report • Inputting into any pension fund approval processes • Liaising with your other professional advisers including the managing agent • Submitting any SDLT (subject to receipt of relevant funds) • Registering the acquisition at the Land Registry

Categories (CPV)

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