Solicitors for the conveyancing for purchase of Exeter Logistics Park

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