Slaughter and May has advised property developers Grosvenor on two transactions in the space of a week.

Slaughters real estate partner Dermot Rice took the lead advising Grosvenor on an agreement with John Lewis to become the main department store in a 1.6 million sq ft project in Preston.

The 230,000 sq ft department store will form part of the £500m Tithebarn project to rejuvenate Preston city centre with new shops, leisure facilities and housing.