WBD has advised Hearthstone Investment Management on its acquisition of Build to Rent homes with a national house builder – for in excess of £9m. The homes are a mix of houses and low-rise apartments that were acquired from house builders in suburban locations. The deal includes 52 properties across six estates in the North Yorkshire and Manchester regions.
The WBD property team who advised on the deal include partner Tom Willows; associates Dale Armstrong and Philip Kay; and solicitors Sarah Robe and Stephanie Mallery. The team was assisted by planning associates Kate Ashworth and Rachel Sykes and solicitor Frances Everett.
“We are delighted that we’re able to continue supporting Hearthstone Investment Management on their PRS housing investments, with a further bulk transaction this year which included a range of houses and apartments across the country.
“We were particularly pleased to be able to move quickly given recent working restrictions, and to be able to conclude within a short time frame in line with Hearthstone Investment Management’s requirements.”Tom Willows, Partner, Womble Bond Dickinson
Ranking in the UK’s top 20 law firms, WBD provides legal expertise in eleven key sectors from across eight offices in the UK and 18 offices in the US. The firm’s housing and real estate client portfolio in the UK includes Homes England, Akelius, Bellway, Persimmon, Taylor Wimpey, RentPlus, Grainger and Places for People.