We acted on behalf of Watford Council in the acquisition of their leasehold interest in Croxley Business Park, a 700,000 sq ft office complex in Watford. Following the creation of the leasehold the freehold was subsequently sold to Goldman Sachs for £400 Million. Watford retain the right to buy the freehold at expiry of the lease for £10 in 2059. An £80 Million + capital contribution was agreed with the vendor for future development and maintenance. For further information please contact Rob Mortimer.
