Fladgate advises X-Leisure Fund on £112m sale

Our team: Stephen Lewis, Ian Smith

Fladgate LLP were one of the property advisers involved in the £112m sale of a majority share of the X-Leisure Fund to Land Securities.

The transaction increases Land Securities’ holding in the X-Leisure Fund to 54%.

The X-Leisure Fund is the UK’s largest leisure park portfolio, with a portfolio of 16 entertainment and leisure destinations strategically located around the UK with a GAV of nearly £600m.

The Fladgate team was led by real estate partner Stephen Lewis, assisted by trainee solicitor Ian Smith.

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