A multi-million pound commercial property sale for a long established client has been completed by the property team at Pearson Solicitors.
In the 拢5.7 million deal Earl Mill business park, a site of warehousing and office space has been acquired by the property investing company Sirius Real Estate Ltd.
Earl Mill on Dowry Street, Hathershaw, is a familiar site in Oldham and its future is secure thanks to the deal.
This historic mill dates back to 1860, offering unique workspace solutions in office and warehousing space, it combines industrial heritage with modern amenities.
Gary Jones, Commercial Property Solicitor at Pearson led the sale and says he is pleased to have got it across the line for his clients.
鈥淕oyt Properties are long established clients going back almost 30 years and solicitors from Pearson have worked with the family and seen their business grow over the years, this deal sees the site acquired by Sirius Real Estate Ltd,鈥� said Gary.
鈥淭he sale was concluded subject to and with the benefit of over 60 commercial tenants and this 拢5.7 million sale involved a lot of hard work and effort to get the transaction completed,鈥� he added.
Working alongside Gary Jones was a team from the Corporate & Commercial and Employment Law solicitors from Pearson Solicitors who advised in relation to the transfer of assets at the property and dealing with TUPE requirements.
The purchase of Earl Mill by Sirius' is the second acquisition this year, with the London and Johannesburg-listed property investor also purchasing the Reinsberg business park in Dresden, Germany.
How can we help?
For business legal advice on a property sale or purchase or commercial property lease agreements contact our specialist business solicitors on 0161 785 3500 or email enquiries@pearsonlegal.co.uk