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Walker Morris advises ARGO Real Estate and Blue Coast Capital on £28m acquisition of Oxford and Chelmsford industrial estates

Walker Morris has announced its Real Estate team has advised ARGO Real Estate and Blue Coast Capital on the acquisition of two urban multi-let industrial estates in Oxford and Chelmsford for a total consideration of around £28 million.

The acquisition forms part of ARGO Real Estate’s market-leading brown-to-green urban logistics strategy, delivered in partnership with Blue Coast Capital, which focuses on repositioning well-located industrial assets into sustainable, future-proofed logistics accommodation.

Comment & Opinion

Providence v Hexagon: Contract termination and JCT Design & Build

“The Supreme Court’s judgment in Providence v Hexagon clarifies interpretation of termination Clause 8.9.4 of the JCT Design and Build contract. It limits the ability to terminate for repeated default where an earlier default has been cured, reversing the position that had arisen in light of the Court of Appeal’s earlier decision in this litigation.”

- Carly Thorpe, Partner, Construction & Engineering