Fladgate advises Lillywhite Developments Limited on acquisition

Our team:

Fladgate LLP has advised Lillywhite Developments Limited (Lillywhite) on the purchase of a block of former police flats in South East London from the Metropolitan Police Authority (MPA) and the Crown.

Lillywhite purchased the leasehold interest from the MPA and the freehold interest from the Crown under two separate transactions both with significant overage requirements.

Our advice also included: acting on the funding of the purchase; advising on complex tax issues, resulting in significant tax savings for Lillywhite; and subsequently acting on the refurbishment and sale of the flats.

Fladgate real estate partner Antonia Brandes advised Lillywhite assisted by real estate solicitor, Rebecca Grey.

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