Member Article

BOND DICKINSON ADVISES AKELIUS ON £73M RESIDENTIAL ACQUISITION IN LONDON

National law firm Bond Dickinson has advised its client Akelius, a global leader in real estate and residential property, on the acquisition of a major portfolio in London.

The acquisition relates to the purchase of 19 blocks comprising 395 apartments for an agreed price of over £73 million.

Led by Newcastle-based Real Estate Partner Nigel Emmerson and Managing Associate Emma Garfit, the transaction involved a large team of 20 lawyers who advised on all aspects of the purchase providing planning, taxation and corporate legal expertise.

Nigel Emmerson of Bond Dickinson said: “We’re delighted to have successfully completed this complex acquisition on behalf of Akelius. There were several technical aspects of the transaction which posed a number of challenges and the scale of dealing with 19 blocks and 395 flats necessitated a large team and detailed project management. However our expert lawyers, coupled with our strong credentials in advising clients on housing matters, have enabled us to provide the best possible outcome for our client.”

Andrew Speller, Country Manager UK of Akelius commented: “Akelius are extremely pleased with the acquisition of this portfolio, which continues our expansion in the UK. The team at Bond Dickinson have again demonstrated their scale, experience and expertise in completing this large and complicated transaction. We look forward to continue working with them on future projects.”

Bond Dickinson’s Housing client portfolio includes Bellway, Taylor Wimpey, Persimmon, RentPlus, Grainger and Places for People. In this year’s Legal 500, a guide to the legal profession, the firm’s sector expertise was commended with seven leading individuals in real estate and a further 64 recommendations of lawyers in the sector. Real Estate also achieved 17 top tier rankings across Bond Dickinson’s office locations including London.

On 1st November Bond Dickinson will combine with US firm Womble Carlyle, creating Womble Bond Dickinson. The new combined firm will have more than 420 partners and 1,000 lawyers across 8 offices in the UK and 16 offices in the US. This combination will enable the firm to provide an enviable transatlantic platform for further local, regional and international growth putting Womble Bond Dickinson in the UK’s top 20 and in the top 80 in the US listings.

This was posted in Bdaily's Members' News section by Womble Bond Dickinson LLP .