BLP takes on Palmer Capital's Somerfield sale-and-leaseback

O'Connor, Joanne
March 2005
Lawyer;3/14/2005, Vol. 19 Issue 10, p10
Trade Publication
This article reports that Berwin Leighton Paisner (BLP) has won a major mandate for Palmer Capital Partners (PCP), advising the property venture capital company on Great Britain's largest development-based sale-and-leaseback to date. BLP partner Tim Simmonds won a competitive tender to advise PCP on the sale-and-leaseback of 140 petrol forecourt stores acquired by Somerfield from Texaco last month. PCP, whose regional coverage was a key factor behind its appointment, will redevelop the stores through its seven partner development companies.


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