Bristol and London law firm Temple Bright has completed its first transaction for real estate company North West Locum Service after resolving a number of legal issues on a residential development site in Liverpool.
Planning permission was granted in 2019 for the 664-home scheme, pictured, in the Pumpfields area of the city.
Temple Bright was first instructed in 2021 to advise on and resolve various title obstacles to enable the project to proceed after the original developer, Liverpool-based Vinco Group, became insolvent.
Family-owned North West Locum Service has now sold just under half of the total site.
Completion of the land sale brings to a close an 18-month process which began with Temple Bright leading on the drafting and negotiation of a time-sensitive agreement between North West Locum Service, the owners of the other half of the site, and Liverpool-based developer Legacie, one of the UK’s largest privately-owned real estate investment and development companies.
This enabled the parties to work towards implementing the planning permission before it lapsed and completing a sale of the site to the developer.
Temple Bright real estate partner Iain Macfarlane advised Merseyside-based North West Locum Service.
North West Locum Service director Rami Hamad said: “The completion of this transaction is a milestone for my family and it has been a real pleasure working with Iain and Temple Bright. I hope very much that we will work together on further projects in the future.”
Iain Macfarlane, pictured, added: “Much effort had gone into this project before my involvement and it is really gratifying to have contributed to resolving the obstacles, saving a valuable planning consent and achieving a great outcome.”
International firm Hill Dickinson advised Legacie and North West firm Butcher & Barlow advised the other landowners.
Temple Bright was launched in 2010 using a tech-enabled, streamlined business model involving advice provided exclusively by partners. It now has 70 partners spread between offices in Bristol and London EC2.
The firm advises clients ranging from start-ups to PLCs across a broad range of sectors, with particular strength in real estate.
Top photo: Falconer Chester Hall
