Trowers has advised Trinova Real Estate and Morood Investment Company on the sale of Grange Road Business Park in Christchurch, Dorset for £29m to an overseas purchaser. Trowers advised on all English law aspects of the sale, including providing corporate, tax and property advice. The transaction was particularly complex as it involved the factoring in of the buyer’s Islamic financing and the seller’s outgoing conventional financing.
Corporate partner Ayda Habboush led the Trowers team assisted by Amy Sandel. Melanie List provided tax advice and Dwynwen Lewis, Yassar Jassani and George Dowson provided property advice.
Ayda commented:
“We have thoroughly enjoyed acting for Trinova on the sale of this high value asset. It was a pleasure to have advised on the second highly successful full-life cycle deal together with Trinova for this particular separate account mandate, particularly in this unprecedented year.”
Winston Luk of Trinova commented:
“We are delighted to have completed the sale of Grange Road Business Park. We are extremely grateful to the Trowers team for their hard work, seamless co-ordination and commercial approach to bring this transaction to a successful close.”
