Case studies

Development funding for Aviva Investors


Penningtons acted for Aviva Investors Pensions Limited on the funding of the development of a Sainsbury's supermarket and petrol filling station in Bishop Auckland, County Durham. The combined value of the development funding and the acquisition of the freehold titles to the site was approximately £27 million.

Our real estate and construction teams advised on the site acquisition, funding, letting, building contract and collateral warranty aspects of the development. Further advice was also provided by Penningtons' real estate tax specialists in respect of SDLT matters.

We offer comprehensive and wide-ranging advice in relation to all aspects of transactions of this type.


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Penningtons Manches LLP

Penningtons Manches LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority. San Francisco is an associated office.

Penningtons Manches LLP