Andrew Jackson advises property business on investment strategy

Law firm Andrew Jackson Solicitors has acted as legal adviser to an independent property business on its multi-million pound investment strategy.

Sheffield Investment Company Limited (SICL) is focusing solely on the commercial sector while expanding its geographical base.

Nick Pearce, managing director of SICL, explained: “Established in 1918, SICL is a thriving, independent family business, which, until recently, has owned and managed a mix of residential and commercial properties in the Sheffield region.”

“Over the past two years, we have reshaped our portfolio to focus solely on the commercial property side of the business, which has enabled us to expand into new areas across the region, including Hull and East Yorkshire. Recent investment properties include the purchase of Saxon Business Park in Hessle and an office investment in Meadowhall, Sheffield.”

Pearce added: “We have worked with Andrew Jackson for many years now and we are always more than happy with the level of service we receive. The legal advice and guidance that Paul Barker and his team have provided on our investment strategy has been particularly valuable and enables us to look ahead to the next stage of our growth.”

Paul Barker, partner and head of property at Andrew Jackson, commented: “It is always particularly rewarding to help long-standing clients realise their ambitions. SICL is a great example of a family business that has successfully reshaped its business and invested accordingly. We’re looking forward to working with the team on future projects as they continue to seek out commercial opportunities across the region.”

The shipping and transport team at Andrew Jackson recently advised global logistics company Blue Water Shipping (BWS) A/S Denmark on numerous contracts for the supply of transport and logistics for the Tengiz oilfield.

Leading a number of consortiums comprising contractors from various countries including Kazakhstan, the UK, Russia, Finland, the United Arab Emirates and Bulgaria, BWS’s work on the Tengiz project includes the transportation of modules involving the construction of 20 vessels, nine new tugs and a number of modified barges and existing tugs, as well as modified mooring pontoons.

Pictured: Recent purchase at Jessops Riverside, Meadowhall Sheffield