Our Real Estate team recently advised a landowner client on the unconditional sale of a house and land in Wickford, Essex. The buyer was residential developer, Bellway. The transaction was completed for £4.5 million and was sold with the benefit of outline planning permission to construct 49 new homes.
The planning consent had been secured by the client, with support from a promoter, after a process that began in 2012. Our team worked closely with the landowner and promoter throughout this long-term project, helping guide the legal strategy from early promotion through to the final sale.
By combining their experience in strategic land transactions, development work and property sales, the team ensured the deal progressed smoothly despite its complexity and long history.
Managing a complex transaction
The transaction involved several complex elements that required careful coordination and clear communication, including advising on the purchase of a new home that needed to complete at the same time as the sale of the house and land to Bellway.
Partner, Daniel Fairs, in the Real Estate team, worked with Graeme Atkinson and Christopher Simpson to handle the sale with Bellway. The house purchase was handled by Senior Associate, Imogen Collier, with the assistance of Jacob Self.
Our teams worked closely with all parties to keep the process moving and to ensure that the legal arrangements aligned with the client’s personal circumstances and the commercial structure of the deal.
Client feedback
“Now that week is out the way I would like to say a big thank you to you all, you all made it a lot easier for me. I felt your communication and commitment to me was brilliant. Many thanks for all your hard work.”
Giving you the full picture
Tees can help deliver success with all property matters from strategic development projects for residential, commercial and renewable energy to buying your first home. To find out more, get in touch with our expert team.
