Both organisations will take a 50% stake in Fosse Park through an English Limited Partnership, with The Crown Estate managing the asset on behalf of the partnership.
Wragge Lawrence Graham & Co advised The Crown Estate on the purchase. The team was led by Rabinder Chaggar and included partners Miles Kiely, Duncan Field, Phil Baker, Simon Malcolm, Elliot Weston, Clive Chalkley and Mark Hick, and lawyers Samantha Holland, Kate Worthington, Tony List, Will Stark, Lisa Matthews, Alicia Kim, Keith Brades and Emma Cooper. The firm’s dedicated Birmingham-based asset management team also advised on the deal. Lawyers included Joe Morris, Christopher Morris, Gillian Stewart, Holly Taylor, Julia Roe, Kulvir Desai, Parvinder Sohal and Simon Wood.