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Eversheds advises PH Homes on land acquisition for luxury housing scheme

  • Global
  • United Kingdom

    30-09-2016

    Eversheds has advised property developer PH Homes on its land acquisition at Alderley Park from Bruntwood and Manchester Science Partnership (MSP).

    The scheme represents the first residential phase of the £160m masterplan at Alderley Park which will eventually see up to 275 homes and new sports and leisure facilities developed at the 400-acre Cheshire site. These projects sit alongside the on-going creation of a 38,000 sq m of state-of-the-art science space which received planning permission from Cheshire East Council earlier this year.

    The acquisition will increase PH Homes’ development pipeline to over 150 units with a sales value in excess of £120 million.

    The Eversheds team was led by real estate partner Michael Buchanan and included Taslima Salam, partner, and Ian Walsh, principal associate.

    Michael Buchanan commented:

    “We are delighted to have advised PH Homes on this strategic acquisition at Alderley park and look forward to working with them in the future.”

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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