Real estate lawyers at Irwin Mitchell’s Sheffield office have advised City Estates (UK) Ltd on its sale of land in Gedling, Nottingham, to supermarket giant Sainsbury’s, so that the retailer can build one of its largest stores in the country.
The sale of former industrial land at Colwick Industrial Estate for an undisclosed sum is also expected to lead to the construction of a service station, family diner and fast food facilities.
As part of the deal, work will be done to remediate the land ready for its new use and also to introduce roads and other infrastructure.
Martyn Holland, a real estate consultant at Irwin Mitchell’s Sheffield office who worked alongside partner and construction specialist Julie Morrissy on the deal, said: ““Like so many deals of this nature, this is about more than purely the sale of land – with the agreement leading to the creation of jobs and facilities across the area.
“With the economy improving, it is clear that demand for quality land is high and only likely to continue to rise in the coming months.”