Newcastle-based law firm Womble Bond Dickinson (WBD) has advised long-standing client LRC Group on the acquisition of a recently converted building comprising residential and commercial units in Luton.
Global real estate investment and fund management firm LRC has acquired Picture House Apartments, a part conversion and part new build development including 68 residential units and two commercial units from Go-Develop (Gordon Street) Limited.
A Newcastle-based team from WBD advised LRC, led by Real Estate Partner, Nigel Emmerson, and Managing Associate, Dale Armstrong, with support from Emma Garfit (Managing Associate, Real Estate), Ian Atkinson (Partner, Construction), Jeremy Smith (Partner, Tax) and Joanne Anderson (Associate, Real Estate).
Nigel Emmerson commented:
"We are delighted to have advised the team at LRC Group on the latest addition to their impressive UK portfolio. Thanks to our strong Living sector expertise and deep understanding of the client and local markets, we were pleased to secure a smooth and satisfactory conclusion for all parties."
Mital Patel, Chief Operating Officer at LRC, added:
"This acquisition of Picture House Apartments in Luton is an exciting addition to our growing portfolio and our thanks to go Nigel, Dale and the whole WBD team for the first rate legal advice. Being able to rely on a dedicated team of lawyers, from a large international firm and with the right expertise, has been key for us."
Womble Bond Dickinson's real estate team is one of the largest in the country, operating across eight UK offices and 23 US offices. The firm's Living sector client portfolio includes the likes of Grainger, Hearthstone, Homes England, Bellway, Persimmon and Places for People.