Bedell Cristin advises London & Quadrant on its acquisition of Gallagher Estates, in a deal worth approximately £505m
30 March 2017
Bedell Cristin Jersey Partnership has advised London & Quadrant (L&Q) on the Jersey aspects of its acquisition of Gallagher Estates, in a deal worth around £505m in aggregate.
Warwick-based Gallagher Estates will become a wholly owned subsidiary of L&Q, and will continue to be run by the current management team as a stand-alone entity.
L&Q is one of the UK’s leading housing associations and aims to build 100,000 homes over the next 10 years. Gallagher Estates controls plots of land which will deliver 42,500 new homes, mainly in the South and South Midlands.
Bedell Cristin worked on the deal alongside L&Q's UK legal advisors Devonshires and Clifford Chance. The Jersey-based team from Bedell Cristin was led by partner Simon Hopwood with assistance from senior associates Guy Westmacott (Corporate) and Antony Clerehugh (Banking) and associate Jamie Ritchie.