Schofield Sweeney advised Marrtree Investments on the deal.
Marrtree Investments purchased Clifton Moor retail park, a 2.4-acre site in York from property investment firm New River.
The former B&M store at Clifton Moor retail park was previously gutted by a fire back in 2018.
Marrtree Investments, based in Harrogate, own more than 20 business parks across the north of England. The company said it aimed to build “high-quality” business units, subject to planning permission. The 40,000 ft first phase has tenants, including Screwfix and Toolstation, signed up for nine of the 15 units. Phase two, consisting of 30,000 sq ft, is currently under consideration by planners.
Oliver Brooke (Picture), solicitor in the commercial property team, advised Marrtree on the deal.
Involved fees earner: Oliver Brooke – Schofield Sweeney;
Law Firms: Schofield Sweeney;
Clients: Marrtree Investments;