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The Isle of Man Government and Peel Land and Property have signed an agreement for lease regarding a new ferry terminal at Princes Half-Tide Dock, Liverpool. Expected to open in 2021, the new terminal is part of the £5 billion Liverpool Waters regeneration scheme being delivered by Peel.

The Manx government currently operates a facility from Liverpool’s Pier Head and a planning application is expected in the coming months as the ferry terminal is relocated half a mile downriver to a new dedicated facility.

Everton Stadium Development Limited (a wholly-owned subsidiary of Everton Football Club) and Peel Land and Property (Ports) Limited have formally signed an agreement for the Club to lease land at Bramley Moore Dock, Liverpool Waters.

The lease, which is conditional upon gaining planning consent for the proposed new stadium and securing funding for its construction, will run for a period of 200 years at a peppercorn rent.  

Brabners real estate team has advised specialist sofa retailer Sofology on all property aspects of its £25million sale to market leading furniture retailer, DFS.

The deal comprises 37 Sofology stores across the UK, including Deepdale Park in Preston, White City Retail Park in Manchester and New Mersey Shopping Park in Speke.

Richard Roberts, partner and head of the retail sector at Brabners, said: “In the lead-up to the budget, organisations across the country were hoping for more details on how the government would cushion the blow of the business rates revaluation. To an extent, that’s what we got. The chancellor’s three-point plan, aimed at helping certain smaller businesses and those hardest hit, will be some comfort to SMEs in the South East that were fearing tax increases of up to 70%.

The controversial business rates revaluation could encourage companies to swap premises in the South East for sites in the North, according to commercial law firm Brabners.

From next month, the government will adjust the rateable value of business properties to ‘reflect changes in the property market’. Rates are currently set according to the open market rental value of a property on April 1st 2008.

Critics of the revaluation say that it will lead to unsustainable tax increases in areas where property values have risen significantly, such as the South East.

Brabners is set to sponsor this year’s Property Professional of the Year category at the Made in Manchester Awards 2017.

Brabners has been involved with two landmark regeneration projects that will see huge developments to key areas of Liverpool.

In the first instance we worked with Neptune Developments helping them to deliver their mixed use regeneration of Lime Street in Liverpool. Neptune Developments along with Sigma and Liverpool City Council form the Regeneration Liverpool partnership behind the scheme, which was approved in 2015 but experienced delays due to a campaign to save the Futurist Cinema from demolition. 

Commercial law firm Brabners acted for The National Football Museum (NFM) in their recent deal with GG Hospitality, which is co-owned by the Manchester United legends Gary Neville and Ryan Giggs, to take over the dining, hospitality and event management at the museum from 1 October 2016. 

Commercial law firm Brabners has advised office services provider Restore plc on the acquisition of the records management business of Wincanton plc for a consideration of approximately £55.7 million.

Restore is an AIM-listed company with North West facilities in Middleton, Manchester, Leigh and Bolton.

Commercial law firm Brabners has announced the promotion of three Partners, six Senior Associates and four Associates across the firm.

Adrian Rogers (Corporate), Richard Hough (Commercial) and Leanne Murray (Real Estate) have all joined the partnership; Leanne has also been appointed as Head of Residential Development.

Corporate lawyer Adrian Rogers qualified with the firm in 2004 and has extensive experience in MBOs, MBIs, acquisitions, disposals, venture capital, corporate insolvency and corporate reorganisations.


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