Legal Services for Conveyancing of Colonnades, Bywater Property Purchase

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Staffordshire County Council awarded a contract to Browne Jacobson Solicitors for conveyancing and legal advice to the Staffordshire Pension Fund on the purchase of a property valued at approximately £37 million.

The acquisition involved two freehold titles of a commercial multi-let site (with key food store, retail/restaurant units, a gym, and a former pub to the rear) on a 3.4-acre block in London, subject to an overriding 999-year lease at a peppercorn rent for the residential blocks.

Services included full title, construction, and planning due diligence; negotiating the contract and transfer; advising on SDLT and VAT (TOGC, s198 election); preparing a transaction report; inputting into pension fund approval processes; liaising with other professional advisers; submitting SDLT; and registering the acquisition at the Land Registry.

The contract value was £38,000.