Law firm Thrings has advised property developer L&R Group on the sale of its upmarket Bath shopping mall Milsom Place to London-based TIAA Henderson Real.
The £26.1m deal marked the latest stage in the relationship between Thrings, which has an office in Bath, and L&R which began in 2006.
Since then Thrings has provided L&R, which has its head office in Bath, with ongoing commercial property, construction and litigation legal advice.
L&R developed Milsom Place over a number of years by acquiring and developing a series of listed buildings to carefully link streets and courtyards in the heart of the city. 
Tenants include Jamie’s Italian, Carluccio’s, Cote, YO! Sushi, Cath Kidston, Hobbs, Phase Eight, as well as independent retailers and cafes which combine to create a vibrant food and retail destination.
Thrings’ team was led by London-based senior commercial property partner Alison Jarvis and associate solicitor Charles Wakefield, who is based in the firm’s Bath office.
Alison Jarvis, pictured, said: “Milsom Place is a thriving retail destination in the heart of the iconic Milsom Street, which has been enjoyed by businesses and shoppers for more than 250 years. The acquisition signals an exciting opportunity not only for local people and businesses, but also for the millions of visitors that the city welcomes each year.
“Throughout what has been a complex transaction, we have developed a strong working relationship with the legal and surveying teams on both sides, including Bath & North East Somerset Council, MMX Retail, Wragge Lawrence Graham & Co and Bruce Gillingham Pollard.
“Dealing with a London-based buyer has also called for a seamless working relationship between Thrings’ teams in Bath and London, and as a firm we are very pleased to have brought matters to a positive conclusion.
Thrings’ commercial property team has doubled in size since 2008.
L&R director Ken Elliott said: “We are proud to have created an estate which is such a good fit with both the needs of the city and the marketplace. This required attention to detail across all aspects of the project, from design to asset management, to brand and event management, both in Milsom Place and the wider destination. There is nothing artificial about this environment; we have created a place with life, integrity, character and style.”
Burger & Lobster and CAU are set to arrive at Milsom Place later this year.
