Forsters advises on Build to Rent acquisition for real estate investment platform Farlane Capital
Forsters’ Build to Rent (BTR) team has continued to advise valued client Farlane Capital, a real estate investment platform operating in the UK Living sector, on their latest BTR acquisition.
We advised Farlane Capital on the acquisition of the shares in the company that owned two residential tower blocks that comprise 213 units in the Sherriff’s Gate development in Worcester. The blocks were purchased ready to be occupied, with all Building Safety Act requirements cleared. Across our Commercial Real Estate, Corporate, Tax, Banking, Planning and Construction teams, we advised on all aspects of the acquisition including the terms of the share acquisition itself, construction, planning, estate structuring, tax aspects and in addition, on a £25.7 million debt financing package and refinancing of existing lenders.
The BTR blocks are the first of its kind in Worcester and are set to boost the supply of quality housing in the local area.
Grant Livingston, Founder of Farlane Capital said “with the numerous moving parts in any real estate transaction, I need to have the trust and confidence in my legal team. The balance of being detail orientated whilst remaining commercial is crucial and Forsters achieved exactly this.”
The project team was led by Andrew Crabbie and Alexandra Burnaby. Banking advice was led by Simon Collins and Mark Berry. From our Corporate, Planning and Construction teams, Stuart Hatcher and Amelia Walsh advised on all corporate elements, Victoria Du Croz, Georgina Reeves and Sophie Smith led the planning advice and construction advice was managed by Ben Saunders.
How can we help you?
Our teams of expert lawyers deliver smart, commercial and solution-oriented advice for our clients.
Commercial real estate Build to rent
