Cobbetts in picture for IPPE-Kodak deal

Cobbetts’ Birmingham office advised International Process Plant & Equipment (IPPE) and Acorn Developments on the latter’s acquisition of a 37-acre site at the Kirkby Industrial Estate in Knowsley in the North West.

The site has been purchased from Kodak.

The deal was led by commercial property partner Eleanor Deady, assisted by environmental law partner Keith Davidson.

Cobbets has a longstanding relationship with IPPE, working on a number of corporate deals for the company in the past.

The former Kodak site includes 500,000sq ft of accommodation, a production plant and equipment available for reuse.

DLA Piper partners Teresa Hitchcock and Alex Jones advised Kodak.