Fladgate LLP has acted for Khanna Enterprises (Manchester) Limited on the acquisition of Invicta House, Atkinson Street, Manchester. The purchase was conditional on securing planning permission for change of use from an office to a hotel and the subsequent development of a new build, 145 bedroom hotel. Real estate partner James Fry led the Fladgate team advising on the acquisition. Partial demolition of the existing office building and construction of the new hotel will commence in early 2018, with Fladgate’s construction team, led by Barry Hembling, advising on all construction related matters.
Khanna Enterprises has already entered into a franchise agreement with Marriott Hotels for the new hotel to be operated as a “Moxy” branded hotel. Commercial partner Eddie Powell advised on all the franchise documentation.
Commenting on the transaction, James Fry said: “It was a pleasure advising Khanna Enterprises on this acquisition, and we look forward to continuing our relationship with them as the project moves into the construction phase”.
We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.
Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.
T: +44 (0)20 3036 7000
F: +44 (0)20 3036 7600
DX: 37971 Kingsway
The legal content provided by Fladgate LLP is for information purposes only and should not be relied on in any specific case without legal or other professional advice.
Copyright is owned by Fladgate LLP and all rights in such copyright are reserved. Material is not to be reproduced in whole or in part without prior written consent.
Fladgate LLP is a limited liability partnership, registered in England and Wales with registered number OC334334. It is authorised and regulated by the Solicitors Regulation Authority, number 484783. The term partner is used to refer to a member of Fladgate LLP. A list of members is available at the registered office shown above.