Gainford Group adds historic Newcastle building to portfolio in latest acquisition
Leisure and care operator Gainford Group has added one of Newcastle’s ‘iconic’ buildings to its portfolio.
The business has been revealed as the new owner of the city’s Moot Hall, a Grade I listed building with ‘Ancient Monument’ status.
Gainford Group has purchased the Moot Hall, formerly Newcastle’s Crown Court, to “enhance its existing operation and portfolio”.
The building is still used as a courtroom, as well as hosting wedding ceremonies, conferences and seminars, and will continue in its current function under its new ownership.
The Moot Hall, which dates from 1812, is directly opposite the site of the Vermont Hotel, another property owned by Gainford Group.
In addition to the Moot Hall - purchased for an undisclosed sum - Gainford Group currently owns and operates six hotels nationally, six restaurants, bars and night-time venues, 14 care facilities and many children’s day nurseries.
Imran Khaliq, director of Gainford Group, said: “The Moot Hall is a building we know very well, being so close to the Vermont, and it really is an iconic and unique piece of Newcastle’s history.
“We are pleased to become its owner and to incorporate it into the Gainford Group to enhance our existing operation. This acquisition marks yet another significant investment for us in the North East and adds another highly sought-after property to our portfolio.
“We continue to grow strongly across all aspects of the group and this is the latest very exciting development for us.”
Law firm Sintons is the longstanding legal advisor to Gainford Group, with corporate partner Christopher Welch and real estate partner Alok Loomba supporting the business with its ongoing expansion and property acquisition strategy.
Alok Loomba, supported by real estate associate Chris Jackson, completed the acquisition of the Moot Hall for Gainford Group.
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