Wilkinson Williams have advised The Crown Estate/Quadrant Estates on a complicated asset management transaction involving Next and TK Maxx swapping units at Morfa Shopping Parkin Swansea, which coincides with the purchase of the retail park by Quadrant Estates from The Crown Estate. Next will take access of the TK Maxx unit imminently and will undertake significant refurbishment works prior to opening in this 30,000 sq ft footprint with substantial mezzanine. Next will then vacate their existing 15,000 sq ft unit for TK Maxx to remodel for their purposes.
Wilkinson Williams acted on behalf of the landlord.
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