Slaughter and May advised Legal & General Property on the real estate investment purchase of two Next distribution units, together with ancillary adjoining land, at Brookfields Park, Manvers Way, near Rotherham from the Tritax Next EZ Unit Trust. Legal & General Property has been granted and acquired long overriding leases, with options to acquire the freehold in 2016, subject to and with the benefit of 25 year FRI occupational leases to Next Group plc.

CONTACTS

Real Estate: Jane Edwarde (partner), Oliver Moir (associate), Paras Maalde (associate), Sarah Tolley (associate)