16 Aug 2012 | 10:00 am |
International law firm Pinsent Masons has advised The Peel Group on its agreement to acquire the Lowry Outlet Mall at Salford Quays from the Emerson Group. The deal incorporates the Mall retail and leisure experience, as well as the car park. Peel also owns the neighbouring MediaCityUK development.
The Mall consists of more than 300,000 sq. ft. of retail and leisure, with 80 stores (including M&S Outlet for Furniture, Nike Factory Outlet, GAP Outlet and Flannels), a range of cafes and restaurants, and a seven-screen Vue cinema. It attracted over 4.7 million visitors in 2011 with sales and footfall increasing.
Corporate Partner, Stephen Levy, led the team advising Peel Group on the acquisition of Orbit Investments (Salford) Limited – the corporate vehicle which owns the Lowry Outlet Mall. Stephen was assisted by senior associate Andy Phillips (Corporate), partners Mike Edge and Rachel Pitman (Real Estate), partner John Cleland and associate Rebecca Wilcock (Finance) and partner Simon Horsfield (Employment).
Stephen commented: "It has been great to act on this material and strategic transaction for Peel. We wish them every success with their plans for the Lowry Outlet Mall."
International professional services firm Pinsent Masons has today announced the launch of the "Spark Board" to bring a new perspective to strategic decision-making at the firm.
International law firm Pinsent Masons has launched a virtual internship enabling students to gain valuable experience of working as a lawyer within its business.
Board member recognised as most innovative lawyer in Europe
International law firm Pinsent Masons has advised the University of Leicester on its Freemens Common Residences DBFO project, which has reached Financial Close.
International law firm Pinsent Masons has advised specialist hospitals REIT investor Medical Properties Trust on its £347m unconditional acquisition from Secure Income REIT plc of a portfolio of eight hospitals in the UK operated by Ramsay Healthcare UK.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]