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.