Lawyers from the Hugh James Healthcare sector team have supported Creo Medical Group with its latest expansion plans.
Commercial Property Solicitor, James Guile, provided advice to the medical device company as it exchanged contracts to acquire the freehold interest in its Chepstow headquarters and an adjacent site.
Creo House has current total capacity of approximately 18,000 sq ft and the adjacent site, subject to receiving planning permission, will provide an additional 16,000 sq ft of space.
The firm, which focuses on surgical endoscopy, has struck the £4.25m deal to support commercial roll-out. The freehold will be acquired from Fastnet Property Investments Ltd, the original developer of the site.
Partner and Head of the Healthcare team, Greg Williams, said today:
“Creo Medical is a fantastic company which continues to go from strength to strength. We are very pleased to have supported Creo Medical on this strategic acquisition of their headquarters and look forward to seeing them delivering important clinical and technical innovations from the site.”
The healthcare team have been involved in a number of exciting transactions recently, including the sale of the 34-branch Sheppards Pharmacy Group and the acquisition of Brookes pharmacy.
Our dedicated Healthcare sector team is led by Greg Williams, who is highly regarded within this sector due to his wealth of experience acting for retail pharmacy owners on their transactions.
