Partner Article

Abacus Solicitors completes £7.2m acquisition on behalf of client, Western UK Property Group

Manchester based commercial property lawyers, Abacus Solicitors has today successfully completed the £7.2m acquisition of a student development site in Acton London on behalf of its client, Western UK Property Group. Western UK Property Group, founded by Oliver Lipson, specialises in the acquisition of both residential and commercial development sites across Greater London and Greater Manchester for future sale to overseas investors.

“This was a challenging deal with tight timescales to achieve, complicated by the proximity of the HS2 rail link and the possible risks to future development of the site,” commented Sean Daly, development specialist at Abacus. “Western UK Property Group performed with exemplary professionalism and speed whilst managing risk. Another cracking deal in the bag and a great start to 2014.” Client Oliver Lipson said today, “The UK is an increasingly popular choice for overseas investment looking for a safe haven for investment, strong yields and continued capital growth, which Western UK Property Group is keen to capitalise on. Sean Daly showed true dedication to help us get this deal over the line, and we consider him to be an integral part of our team. The year promises to be very exciting for the Group, and we are looking forward to completing more deals of this caliber together.” For further information on Western UK Property Group visit www.wukpg.com For further information on Abacus Solicitors LLP visit www.abacus-law.co.uk

This was posted in Bdaily's Members' News section by Eve Saunders .