The financial value of the sale was not disclosed. However, the warehouse sale is believed to be one of the largest commercial property deals in the region for many years. Colchester-based Result Clothing Limited plan to move into the site in the New Year.
Melissa Loucas, partner in Birketts’ commercial property team said: “Our Norwich office advised on the property aspects of the sale. This was a massive site and as a liquidation sale it presented some challenges in providing background information to the buyer. Sites of this size in the region are uncommon and we’re delighted to have secured a successful unconditional sale.”
Chris Williams, chartered accountant and licensed insolvency practitioner at McTear Williams & Wood said: “Birketts has an excellent reputation for commercial property work within our region. It is extremely satisfying to have attracted new investment to the area.”
Birketts was recently recognised as the only firm in East Anglia to have achieved ‘National Leaders (outside London)’ status in the real estate category.
www.birketts.co.uk/property
Birketts advises on sale of one of largest commercial property sites in East Anglia this year
17 December 2014
Birketts, the top 100 law firm based in the East of England, has advised McTear Williams & Wood on the sale of the former national distribution centre of Hawkin’s Bazaar on Beccles Business Park at Ellough.