When a major international company needed help with seeking land for the development of a new flagship research centre, HCR’s firm-wide expertise provided the solution.
Claire Leyshon, partner in the Thames Valley real estate team, led the transaction; the size of the client’s project and the need to retain the existing workforce meant that few sites met the criteria.
There was an extended search and the site chosen had several complexities, including a restricted access, a flood plain, several unregistered areas, and agricultural tenancies,
By pulling together expertise across HCR, Claire was able to deliver solutions to each problem as it arose, ensuring that the site could be acquired in line with the timetable set by the client. It was this tenacity which lead to the completion of one of the biggest single site acquisitions in the country that year.
Our real estate lawyers then supported the incoming managing agents in dealing with remaining tenants, including the surrender of existing lease and dilapidation issues.
Thanks to Claire and HCR’s firm-wide proficiencies, the client secured a site large enough for their needs. With the planning consent obtained, they are now on the path to making their vision a reality.