Real Estate sector experts from Burges Salmon have advised property development and construction group Skanska UK on an £8 million residential development land sale.
The Burges Salmon team, led by Real Estate partner Ross Polkinghorne, advised Skanska on all real estate aspects of the transaction to Kersfield Developments Limited. The site is in the city of Bath and has been sold with planning permission for 39 homes.
This latest advice for Skanska from the Burges Salmon Real Estate team builds on the work it carried out in July 2014, advising on the sale of a significant development holding in Cambridge to developer Crest Nicholson for £35 million. Burges Salmon is also retained on Skanska's flagship speculative sustainable office development, 66 Queen Square in Bristol, which is currently under construction.
Ross Polkinghorne said: “We are delighted to have advised our long-standing client on this transaction and look forward to working with Skanska UK on further investments and property developments.”