Penningtons Manches Cooper has advised property services company Torus Angle Ltd on its acquisition of Wornal Park for an undisclosed sum.
Wornal Park, situated close to the M40, is a purpose-built business park, providing a broad range of business units, ranging from starter units and offices to warehousing, storage and engineering workshops. Funding was provided by Handelsbanken and from Torus Angle’s own resources.
The team advising Torus Angle was led by corporate partner Richard Wrigley and commercial real estate consultant Charlie Seaward, with the wider team including commercial real estate partner Justin Winterbottom, banking and finance partner John Chater and corporate tax partner Stephen Goldstraw.
Andrew Dent, director of Torus Angle commented: “I’d like to thank Richard, Charlie and the wider team at Penningtons Manches Cooper for their expertise and advice on this strategic acquisition for Torus Angle.”
Richard Wrigley said: “Wornal Park is a high-quality property investment asset and it has been a pleasure to be part of the team helping with the transfer to the new ownership, where I am sure that Wornal Park will continue to thrive and develop.”