The property development team at Midlands law firm Wright Hassall has reported a surge in deal activity over the last 12 months.
In the year to July, the team acted on a variety of property transactions which affected an area of more than 2,000 acres of land.
All of the transactions involved potential residential and/or commercial development of land that could result in the building of as many as 8,000 new homes across the wider Midlands region, as well as providing significant employment opportunities.
The team worked with private landowners, private sector developers, local planning authorities and housing Registered Providers (RPs).
Claire Waring, who leads Wright Hassall’s development team, said deal activity has continued to gather pace throughout the year.
“The team has acted on a wide range of deals. On the strategic land side we have acted for both landowners and developers on option, promotion and equalisation agreements as well as conditional contracts,” she said.
“We have further strengthened our presence in the housing sector by winning new RP clients through competitive tender exercises and this has contributed significantly to the increased deal activity.
“Activity has continued to gather pace as the year has gone on and the team has worked hard to further strengthen our standing and share of the market.
“We’re currently working on a number of sizeable deals which will see us end 2016 in a very strong position and start 2017 on a confident high.”
Wright Hassall, which is celebrating its 170 year anniversary in 2016, has a 270-strong team based in Leamington, including 145 lawyers and 39 partners.