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Baumit’s expansion into the UK

Leading South East law firm Thomson Snell & Passmore LLP advised Austrian company Baumit on its expansion into the UK, which involved the leasehold acquisition of a 30,000sq ft industrial building in Aylesford by a subsidiary company and the creation of 25 jobs.

The deal was ranked in the 2016 Kent Property Market Report as amongst the Top 5 notable major inward investments by overseas companies in Kent during 2015-16.

Legal advice was provided by Senior Associate Alex Lewsley, from our commercial property team.

Senior Associate Alex Lewsley said, “Involving a conditional agreement for lease linked to the surrender by the existing tenant and three subsequent phases of landlord’s refurbishment works, together with the lease and associated security documentation involving our client and its Austrian parent, all in the context of tight deadlines, this transaction demonstrates Thomson Snell & Passmore’s ability to pull out all the stops to give specialist property legal advice to clients in a manner and of a quality often only associated with City firms.  Thomson Snell & Passmore is very pleased to have played its part in the establishment of Baumit’s UK business”.

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