Turner Parkinson’s Real Estate team recently advised Birmingham based developer Seven Capital on the acquisition of a residential development site in Slough, Berkshire. Seven Capital purchased the site from Lion House Depot Limited for £10.5m.
This deal marks the latest acquisition by Turner Parkinson for Seven Capital, for whom TP have acted on a large number of site acquisitions over the last 3 years
Paul Bibby, Head of Real Estate, commented: “We are delighted to have worked with Seven Capital on this deal, which marks a particularly acquisitive period for them as their residential development portfolio continues to expand nationwide. This deal was typical of what for the time being remains a buoyant market, with the TP team having to move quickly and proactively to get this acquisition over the line to secure the site for our client. We look forward continuing to support Seven Capital with their further expansion plans”.
Fladgate LLP advised Lion House Depot on the deal.
This deal was also highlighted by Insider.