Taylors given green light for Porsche deal

Reclassifying motorway routes, navigating negotiations and drawing up development agreements is all in a day’s work for Taylors.

Working for prestigious motor dealership Parker & Parker, Taylors were on hand to provide expert advice in their specialist area of corporate law and were therefore integral in securing and developing a new location for Porsche Kendal.

Involving five parties, Taylors Senior Associate Peter Marks led the deal handling negotiations for the acquisition of the new site, and the development agreement to undertake enabling works.

One particular challenge included the reclassification of a section of the A601(M) as a non-motorway, which allowed access to the new site. Peter’s experience in ground engineering and construction helped considerably to appreciate the challenges of developing a green field site.

Elaine Hurn, managing partner at Taylors Solicitors said: “The team here at Taylors lead by Peter Marks have done an incredible job of ensuring the new acquisition ran smoothly, especially in the midst of a global pandemic.

“We are honoured to have been involved in this exciting phase of the Parker family’s partnership with Porsche.”

Ian Parker, managing director of Parker & Parker commented ‘We have invested a large amount to develop our new site and the legal advice and support we received from Taylors’ team was second to none.”

Parker & Parker have supplied customers with Porsche vehicles from their current site in Kendal over the last 60 years. Their brand new, much larger state of the art dealership centre will open in summer 2021, and will be re-named as ‘Porsche Centre South Lakes’.

If you’re searching for specialist advice in commercial law, then contact Elaine Hurn at Taylors on 01254 297906.