CRE acquisitions and disposals

In the first of three articles on corporate real estate, Paul Chases, Micky Yang and Alex Wright ask, what is “market”?

A frequently asked question of lawyers involved in UK real estate transactions is how “market” a particular position is. Whether the buyer or seller is a listed company, private equity fund, pension fund, sovereign wealth fund or individual, the concern is typically to ensure that the buyer or seller is transacting “on market” or “better than market” terms. So, what is “market”? For real estate deals involving the transfer of title to the property, the answer is