Real estate team reports strong performance in first half of 2024

Award-winning law firm, Schofield Sweeney, has announced a busy and successful first half of 2024 for its real estate team. In what is perceived to be an unsure market, the team continues to manage and conduct significant transactions, reflecting both the robust market conditions and the team’s expertise in handling complex real estate deals.

This performance is a testament to the strength of the real estate sector and the firm’s commitment to delivering exceptional legal services to its clients. The team has been involved in a diverse array of transactions, including high-profile acquisitions, strategic sales, and comprehensive lease negotiations.

“The first half of 2024 has seen an increase in quality activity, driven by the economic recovery and increases in investor confidence. Our team’s dedication and proficiency have been crucial in navigating this dynamic market, ensuring that our clients’ interests are expertly represented and protected.” Manjit Virdee, partner, said.

“In the past six months, we have successfully completed transactions for a variety of industries including motor, food production, manufacturing and retail, showcasing our team’s capability to handle any transaction.” added Virdee. “Our clients trust us to provide strategic guidance and attention to detail, and we have consistently delivered on these expectations. We look forward to driving successful outcomes for clients in the second half of the year and beyond, with a number of new recruits to be announced.”

Among the notable transactions, they facilitated the acquisition of Mandale Industrial Park in North Shields for MDP NE29 Ltd for over £10 million. Also in the business park sector, they advised Cox22 on their sale of Cottingley Business Park, a 75,000 sq ft development to Frank Marshall Estates. These deals highlight the team’s ability to manage large-scale transactions efficiently and effectively.

In the electric vehicle industry, the team advised Riverside Motor Group on the lease of their new Polestar showroom in Meadowhall Shopping Centre, setting a first for the centre of a car showroom experience.

In office space and retail, the team advised Rushbond Plc on their purchase of The Exchange, a 10 story building in Harrogate. They also advised YPP Lettings on the Islamic finance elements and purchase of St George House, Leeds.

Schofield Sweeney’s real estate team is one of the largest in the region and, the Sunday Times Best Places to Work firm, plans to expand the team to meet growing demand by adding more members in the second half of 2024.