The real estate team at Lodders Solicitors has advised on two significant commercial deals.
Communications and infrastructure were key to both deals with both businesses citing proximity to the national motorway network as major factors in their decision to relocate.
Lodders partner Paul Mourton acted for quoted property company St Modwen when specialist car storage company Ecurie Esprit agreed a five year lease on a 10,665 sq ft unit on the Meon Vale Business Park at Stratford-upon-Avon, part of the 470 acre former Ministry of Defence site.
Quality accommodation and access to the M40, M42 and M5 motorways were significant factors in closing the deal.
The story for Hinton Properties is similar with the business making the decision to relocate from Warwick to 1,850 sq ft at Reims House, Bromsgrove, on a five year lease.
Paul Mourton said: “In both cases, ease of access to the motorway network and their advisers was a significant factor in the decision to relocate.
“Hinton Properties, for example, has schemes in progress on sites in Worcester, Tamworth, Malvern, Birkenhead and Cheltenham so clearly their new head office is ideally located for their current work stream.
“Lodders advises St Modwen on its commercial property issues associated with the Long Marston site in Warwickshire, which was recently renamed Meon Vale, and we have a relationship with Hinton Properties that we intend to grow as the company itself expands.
“Both these deals exemplify the scale and quality of the work that Lodders’ real estate team is involved in, and sends a strong message to senior real estate lawyers looking for a home for their skills and their client base.”
