Irwin Mitchell’s Real Estate Team Advise On Deal
Real estate lawyers at Irwin Mitchell’s Sheffield office have advised City Estates (UK) Ltd on its sale of land in Gedling, Nottingham to supermarket giant Sainsbury’s, in a move which will see both the creation of jobs and one of the retailer’s largest stores in the country.
The sale of the former industrial land at Colwick Industrial Estate for an undisclosed sum is also expected to lead to the construction of a service station, family diner and fast food facilities on the site – with both the new development and its construction creating new jobs in the area.
As part of the deal work will be done to remediate the land ready for its new use and also to introduce roads and other infrastructure.
Dale Fixter, Director of City Estates (UK) Ltd said: “We have worked hard with Sainsbury’s over the past few years to promote this land through the planning process and it is very satisfying to see this work result in planning permission and regeneration for the area”
Irwin Mitchell advised City Estates (UK) Ltd on the sale of the land and the development agreements, as well as the engineering contracts for the remediation and road works.
Martyn Holland, a real estate consultant at Irwin Mitchell’s Sheffield office, worked alongside partner and construction specialist Julie Morrissy on the deal.
Expert OpinionWe are delighted to have played a part in this exciting deal which will bring high quality new services to Gedling.
"Like so many deals of this nature, this is about more than purely the sale of land – with the agreement leading to the creation of jobs and facilities across the area. With the economy improving, it is clear that demand for quality land is high and only likely to continue to rise in the coming months." Martyn Holland - Partner