Commercial Property team completes on £14.3m new build development funding
Our Commercial Property team, led by Senior Associate, Salma Maqsood, recently completed on a £14.3m development funding deal for a new build development in Bristol.
Salma advised Prelon Developments Limited on the terms and conditions of the development finance, and worked with their professional team to take the deal through to conclusion. The development site comprises 93 new build flats which includes 29 social housing units.
Our Commercial Property team has been involved in this project from the beginning, including advising Prelon on the site acquisition some years ago. Our property solicitors worked with Prelon as they developed part of the land into flats, and then acted on the subsequent sale of the 22 newly developed flats.
Our commercial property lawyers work for a number of new home builders in Bristol and across the South West. We can assist developers every step of the way, from site acquisition and finance, to the sale of the finished homes.