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Bristol Legal news: £10m port sale completes

Bristol Legal news: £10m port sale completes

Bristol Legal Services recently completed the sale of the freehold of the Port at Avonmouth for £10m.

The Bristol Port Company already held a long lease of the premises and acquiring the freehold was a strategic move to make investment more attractive for funders. 

The City Council held the 2,500 acre site under 65 separate titles and assembling the contract documentation was extremely complex and challenging with each title presenting unique and different problems.  Despite the challenges Bristol Legal Services, in close liaison with its Client, assembled the deal under one contract to achieve a clean and robust transfer for the Buyer.