Stratford upon Avon T: 01789 293259
Henley in Arden T: 01564 792261
Cheltenham T: 01242 228370
Birmingham T: 0121 200 0890

Land sale completes to put Formula 1 team in pole position

26/03/2021

The owners of the Aston Martin Formula 1 racing team have completed the multi-million-pound purchase of a parcel of land alongside its Silverstone Race Circuit base, giving their growth plans the green light.

The 29-acres of farmland were sold to the team by farmer and landowner Steve Tustian with advice from Alastair Frew, head of the Business Property team at Lodders.

“The deal centred on the granting of an option for the F1 team to purchase the site,” explains Alastair, a partner in our Real Estate practice. “Our client’s Litchlake Farm is located directly opposite the Silverstone Race Circuit, and the parcel of land now owned by the Aston Martin team is ideal for its plans to develop its base at the iconic circuit with a new state of the art factory.

“This is the second parcel of land Mr Tustian has sold to a motor racing company at Silverstone – he sold the first piece of land in 1990 to Eddie Jordan, and this site is now the hub of the new Aston Martin site.”

Steve Tustian adds: “Alastair has given relevant, timely land and property legal advice to enable the completion of the sale of this parcel of land.”

Lodders was assisted by Simon Harris of Howkins & Harrison Chartered Surveyors.

Window of opportunity for tax planning
Posted on 14th April 2021 in The Lodders Blog
Read full article
Image shows a public footpath sign against a backdrop of greenery
How do you obtain a public path diversion order?
Posted on 13th April 2021 in The Lodders Blog
Read full article
Town and Country Homes
New partner for Lodders’ prestige private property service
Posted on 6th April 2021 in Press News
Read full article

If you’re a journalist looking for more information about Lodders, or to discuss a press release, please contact:
Diane Wood, V Formation on 07887 794507 or by email

Find out more...

For more information on the services we offer here at Lodders, please get in touch on 01789 293259, or via email.