FSP advises on disposal of commercial property portfolio
Field Seymour Parkes LLP advised on what was understood to be one of 2017’s largest mixed industrial real estate portfolio sales in the UK.
A team at FSP lead by corporate partner Jeremy Parkes advised longstanding client Dominvs Group, a family owned business with a property portfolio organised around three core sub-sectors – hospitality, residential and commercial – on the sale of a commercial portfolio of properties totalling 1.3 million sq. ft. to a private buyer for a price in the region of £100m.
The portfolio of 18 properties, which comprised 16 industrial assets and two office schemes, including two properties located in Scotland, was sold via the sale of the entire share capital of the seven property holding companies.
FSP were previously instructed by Dominvs Group to advise on their acquisition of the majority of the properties forming part of the portfolio and were pleased to also be instructed again on their disposal.
Jeremy Parkes was assisted by corporate associate Rachael Maunder.
Anthony Simler, CEO at Dominvs Group said: “We have a great relationship with the team at FSP, and with us already using their expertise on the acquisition of the portfolio, it was an easy decision to also use for them for the disposal. Jeremy and the team are experts in what they do and managed the process efficiently and professionally providing support and advice every step of the way.”