Commercial Property Team Advise on Restructuring of Large Motor Group

Client Stories

Commercial Property Team Advise on Restructuring of Large Motor Group

23 March 2021

Girlings has acted for one of the largest motor groups in the South East for approximately 20 years.

Partner, Amrita Bartram advised the client on the property aspects of a multi-million pound asset sale to a nationally recognised car dealership company. This involved a separate property sale contract for the transfer of the dealership site for in excess of £3million. The sale was conditional on an interim short lease and a deferred purchase price arrangement requiring the entering into of a legal charge in favour of the client and a sub-charge on that legal charge in favour of an institutional lender. This arrangement involved complex negotiations on a tripartite basis.

For advice on restructuring or other commercial property matters, please contact a member of the Commercial Property team.

Girlings has offices in AshfordCanterbury and Herne Bay.

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