Thames Valley law firm Moorcrofts’ commercial property team is advising Riwal UK as it prepares to open a major new depot for London and the M1 corridor.
Riwal UK is part of Riwal Holding Group, based in the Netherlands, a global powered access specialist with operations in 16 countries. The company is an internationally renowned leader in pioneering innovative and sustainable powered access solutions for clients in the construction, aviation, renewable energy and facilities management sectors.
Over the past six months, Riwal UK has also doubled the size of the London South depot in Kent (with Moorcroft’s also advising on this) which will share responsibility for serving Riwal UK’s customers in London and the South East.
Marlow-based Moorcrofts has advised Riwal UK on the pre-let leasehold acquisition of a new 21,000 sq ft unit with 19,000 sq ft external space in Prologis Park Hemel Hempstead, in Hertfordshire. The new depot is due to open in spring 2019.
Moorcrofts commercial property solicitor Julia Ferguson has been leading the legal negotiations for Riwal UK with support from Ian Hylton and Anita Johnson.
Ferguson said: “We have acted for Riwal UK on its property portfolio for a number of years and are very pleased to have been a part of this exciting new chapter for them.”
Mick Ledden, country manager for Riwal UK, said: “Having Moorcrofts manage this transaction end-to-end has been a good experience . Julia Ferguson and the Commercial Property team, have navigated us through this very complex deal, with multiple stakeholders. Julia’s excellent communication skills and timely intervention ensured we got the deal across the line. Moorcrofts have been exceptional throughout the process.”
Moorcrofts commercial property team, specialise in advising corporate tenants on acquisitions and disposals, lease negotiation and lease renewals. The team firmly believe in carrying out a site visit where possible to identify any title or practical issues and work closely with other professional advisers such as surveyors and accountants.