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Nabarro acts on sale of Chester Retail Park

7 October 2009

Nabarro LLP has advised Land Securities Group PLC (Land Securities) on the sale of Chester Retail Park, Chester to Consolidated Property Group (CPG) for approximately £44 million.

The 150,100 sq ft (13,944 sq m) retail park is situated to the northwest of Chester City Centre, benefits from open A1 planning consents and provides an annual rental income of £3.1m.

Senior associate Nathan Rees advised Land Securities on the property aspects of the transaction, with Indirect Investment partner Jonathan Cantor and associate Edward Morgan acting on corporate matters, and associate Adam Singer advising on tax issues. CPG was advised by Halliwells.

Commenting on the sale, Jonathan Cantor said:

"Nabarro acted on the acquisition of this property and we were delighted to have been called upon again by Land Securities for the sale. The sale, which involved some complex issues, demonstrated the strength of our cross-departmental capabilities in corporatised real estate transactions."