Law firm, DMH Stallard, has advised Southdown Holdings Limited and Sutton Business Centre Limited on the sale of their substantial property businesses at Sutton Business Park and Sutton Business Centre to the Netherlands based industrial and commercial property group, Capital Industrial B.V.
Sutton Business Park and Sutton Business Centre provide high quality office, workshop and storage space for local, national and international businesses. The transfer of the properties and business to Capital Industrial allows the sellers their well-earned retirement from the businesses and secures the properties for the future, for the benefit of current and future tenants.
DMH Stallard’s Corporate Partner, Abigail Owen and Real Estate Partner, Roger Yates, led the teams and were assisted by Corporate Associate solicitor Kay Miles and Real Estate solicitor, Neil Farrow, working closely with Employment Partner, William Walsh.
“The sale represents an exciting opportunity for the businesses going forward as part of a larger international portfolio. We were delighted to work with the family companies and assisting the founding shareholders to retire from the business, whilst securing the transfers of the properties to a well established property business.”
Tony Smith, majority shareholder and director of Southdown Holdings Limited and Sutton Business Park Limited commented:
“After building the businesses at Sutton Business Park and Sutton Business Centre over many years, we are delighted to leave the properties in the capable hands of Capital Industrial. Abigail, Roger and the DMHS team provided us with clear and consistent guidance and advice throughout this complex transaction to secure completion of the deal.”
Other advisers acting for the sellers included accountants and tax advisers, MHA Carpenter Box led by Stuart Noakes and commercial property advisors, Centro Commercial Limited. Solicitors acting for Capital Industrial One B.V. were Bryan Cave Leighton Paisner LLP.