Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 04-07-2017 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Morrisons Sale and Leaseback of Birch Coppice Business Park, Birmingham | Industry: | Food & Drug Retailers |
| Description: |
Ashurst advised Morrisons in relation to the sale and leaseback of a customer fulfilment centre at Birch Coppice Business Park, Dordon, Birmingham operated by Ocado. The facility served both Ocado's and Morrisons' online retail businesses.
The total consideration for the disposal of Morrisons' long leasehold interest was GBP92.33 million.
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Borrower | Law Firm | Ashurst |
| Real Estate Jurisdiction | United Kingdom | Real Estate Jurisdiction | United Kingdom |
| Classification: |
Real Estate Finance Warehouses |
Lawyer | Melanie Jordan |
