Slaughter and May is advising Legal & General Property on the acquisition and forward funding of a new 940,000 sq. ft. Waitrose distribution centre at Magna Park, Milton Keynes. The building will be developed by Gazeley and will become one of the UK’s largest distribution centres. Legal & General Property is acquiring the property subject to and with the benefit of an agreement for lease with Waitrose, who will take a 30 year occupational lease following practical completion of the building.

CONTACTS

Real Estate: Jane Edwarde (partner), Oliver Moir (associate), Andrea Shepherd (associate), Kate Turner (associate), Tom Inker (associate), Sarah Tolley (associate)