Commercial Property News

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Friday, July 28, 2023

Forsters and Boodle Hatfield act on 13m shopping centre deal

Boodle Hatfield has advised two Albermarle vehicles on the purchase of a shopping centre in Egham. Forsters acted for the sellers, Hutley (Egham) Ltd.

Albermarle has purchased The Precinct in Egham, Surrey, for 13m and, in a separate transaction, provided forward funding of 7m for an office building in Exeter. Boodle Hatfield commercial property partner, Helen Streeton acted for Albermarle on both transactions; Forsters commercial property partner, Tony Patterson, assisted by Sue Boyall acted for Hutley.

Debt finance for both transactions was provided by the Royal Bank of Scotland who was advised by Dundas & Wilson.