South Coast: WBD advises on large property portfolio sale

Law firm Womble Bond Dickinson (WBD) has advised PFC Property on the sale of a number of its industrial estates across the South Coast to Legal & General Investment Management.

The sale includes a 525,000 sq ft portfolio comprising 11 multi-let industrial estates in four locations across the south of England, primarily centred around Worthing and Chichester.

The WBD team advising PFC Property was led by real estate partner Will Fraser, with assistance from Sonal Kang, Emily Gascoyne-Richards, Sophie Besley and Kat Everington. The firm has a strong track record advising the client on a range of transactions which included acting for the client last year on its sale of Mountbatten House, an office building in Southampton, to private real estate equity firm Castleforge Partners.

Fraser commented: "We are pleased to have advised our client on this latest transaction. Our strong credentials providing legal expertise to the real estate sector, as well as our understanding of the client and the local market, meant we were able to secure the best possible outcome for PFC Property."

Wendy Trott, director at PFC Property, added: "We are very grateful to the WBD team for their expert legal advice on this matter, being able to rely on a dedicated team of lawyers, from a large international firm and with the right expertise, has been key for us."

Ranking in the UK's top 20 law firms, WBD provides legal expertise in 11 key sectors from across eight offices in the UK and 19 offices in the US. The firm's real estate investment and housing client portfolio in the UK includes Addington Capital, Quidnet, Patrizia, Akelius, Homes England, Bellway, Persimmon, Taylor Wimpey, RentPlus, Grainger and Places for People.