Gateley advises on £9m sale of Albion Place retail development site to Mayfair Capital

Gateley has advised on the sale of retail development site Albion Place in Skipton town centre to independent fund management business Mayfair Capital in a deal worth more than £9m. Albion Place was developed by Maple Grove Developments.

Since negotiations started in 2010, Gateley has advised Maple Grove on a number of development areas, from the original development agreement with Craven District Council to the investment sale to Mayfair Capital.

A cross-discipline Gateley team led by real-estate partner Andrew Mellor, and assisted by real-estate associate Owen Humphries, real-estate solicitor James Richards, banking partner Carol Betts and tax partner James Gopsill, advised on the sale.