Successful Acquisition of Multi-Let Mixed Use Development in London’s Haringey Area

BBS Law successfully represented a family office in the acquisition of a multi-let mixed-use development located in the vibrant Haringey area of London. The purchase price was agreed upon at £7,500,000. Despite the complexity of the transaction, BBS Law’s penetrative analysis of title defects and lease issues led to a significant reduction in price, ultimately benefiting the client.

The purchased development comprised multiple titles and featured a diverse mix of approximately 25 commercial and residential tenancies. Furthermore, the site itself boasted untapped development potential, making it an attractive asset for the client.

BBS Law’s expert team worked diligently to identify and analyse title defects and lease issues, providing a thorough understanding of potential risks and challenges associated with the property. By leveraging their expertise, BBS Law successfully negotiated a substantial reduction in the purchase price, safeguarding the client’s investment and maximizing their returns.

Recognising the importance of a seamless transition, BBS Law collaborated closely with the client’s managing agent. Through effective communication and meticulous attention to detail, the team ensured a smooth handover process upon completion. This attention to detail cemented BBS Law’s commitment to providing exceptional client service and enabling a hassle-free experience for all parties involved.

To facilitate the acquisition, BBS Law coordinated the necessary development finance with Oaknorth Bank. They effectively navigated the property, corporate, and banking aspects of the lending requirements, acting swiftly to deliver on the client’s timeline. Impressively, BBS Law completed all the necessary steps within a remarkable 13 working days of formal instruction, earning high praise from the client.

Client Feedback:

“Well done Safiyah, Avi and the team. A tough transaction which you expertly handled throughout.”

This case study showcases BBS Law’s expertise in strategic analysis, negotiation, and efficient transaction management. By meticulously identifying and addressing title defects and lease issues, the firm secured a significant reduction in price, exemplifying their commitment to obtaining the best outcome for their client. BBS Law’s ability to facilitate smooth handover and efficiently handle the financing aspects further solidifies their reputation as a trusted legal partner in complex real estate transactions.