Bristol-based national law firm TLT has advised investment boutique EV Capital on its purchase of a £12m South West property development deal.
Dean Clarke House in Exeter has been converted into student accommodation in the form of loft-style apartments, together with a restaurant, social housing and commercial office units.
The TLT team was led by David Smithen, partner in the firm's specialist development team, and included head of tax Nathan Williams, corporate associates Alice Gardner and Pete Naylor, banking & asset finance specialist Peter Skeen, as well as planning and development solicitors Gareth Fortey, Kate Langton and Lucy Kirk.
David, pictured, said: "We are delighted to have advised EV Capital on this complex purchase. Various specialist experts from across the firm worked hard to make sure that the purchase was completed within the tight deadline."
EV Capital provides venture capital, growth capital and loans to UK businesses. Its managing partner Mark Edworthy said: "A huge thank you from everybody on the team for all of TLT's efforts. Collectively we have pulled off a very rare thing in today's market – namely a significant property development project with proper development finance in place."
TLT's specialist development team is part of the firm's real estate group, which is recognised as one the foremost in the country. The group includes a number of nationally-rated individuals who have a wide range of property expertise across property development, property investment, estate management, dispute resolution, construction, planning and environmental.
