Shoosmiths' Thames Valley partner advises Workspace Group on £82m sale

By Tom Kilkelly

3 July 2023

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A Shoosmiths team lead by Thames Valley real estate partner Liz McKillop Paley has advised Workspace Group on a £82m deal that sees it complete the sale of five light industrial and logistics properties in the south east of England.

The properties sold were located in Bracknell, Crawley, Poyle, Theale and Weybridge.

Shoosmiths advised on all real estate aspects of the sale that exchanged in May 2023, the deal now being completed.

Investment director at Workspace Group Richard Swayne said: “We were delighted to work with Shoosmiths on this important transaction for Workspace. Liz and the team provided valuable counsel during this process and are a great partner for the business.”

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Alongside Liz McKillop Paley in the Shoosmiths team was Emily Stocker, Nicholas Dalgleish, Becky Staunton and Amy Ryder. Andrew Outram also advised on construction matters, with David Mathias and Alex Jones supporting on planning and Daniel Kennedy on tax.

Liz said: ''Shoosmiths’ real estate investment group has been working closely with Workspace to help deliver its strategy following the acquisition of McKay in May 2022. This latest deal involves a substantial element of the non-core assets.

“We’re looking forward to advising the firm as it progresses the sale of further properties from the McKay portfolio, with Shoosmiths real estate bringing its legal expertise, investment experience and commerciality to every deal to ensure a successful outcome for clients.”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.