Herbert Smith Freehills has advised Travis Perkins (Properties) Ltd on a £52.8m sale and leaseback of its new 630,000 sq ft regional distribution centre at the Omega North in Warrington, Cheshire from Standard Life Investments Long Lease Property Fund.

Travis Perkins, the UK’s largest supplier to the building and construction market, will take a 25-year lease at the development in Cheshire.

The Herbert Smith Freehills team was led by real estate partner Shelagh McKibbin and included Of Counsel Emer O'Flynn, tax partner Will Arrenberg and construction associate Joanna Preece.

Shelagh McKibbin said:

"Travis Perkins is a new client to Herbert Smith Freehills and we were delighted to be instructed on this important mandate."