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News Real Estate 21st Jul 2022

Freeths advises Holbrook Lane Investment LLP on the sale of Holbrook Park

Freeths Bristol Real Estate team has advised Holbrook Lane Investment LLP in relation to the sale of its Coventry’s Holbrook Park to Westbrook Partners.

The team advised on the joint venture between Chancerygate and Bridges Fund Management on the sale of its a multi-let scheme which comprises of a total of 254,678 sq ft across 31 trade and industrial units ranging in size from 2,153 sq ft to 24,649 sq ft.

It is the seventh industrial asset purchase of 2022 for Westbrook Partners bringing its existing UK Northburn Logistics platform to more than 1m sq ft across 137 units. The scheme, delivered in two parts, will see the 100,000 sq ft phase one due to reach practical completion in August this year.

Freeths legal team was led by Real Estate Managing Partner, Adam Watson, assisted by Senior Associate Barry Richards and Associate Elliott Thorne.

Commenting on the deal, Adam Watson said: “We’re pleased to have assisted Chancerygate and Bridges Fund Management on their latest sale to US-based Westbrook Partners. Our long-standing relationship with those well known real estate companies demonstrates our commitment to our clients and strong real estate capabilities in the region.”

Please see the Property Week’s version of this article here.

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