Partner Article

Key role for Temple Bright on sale of 664 home development site in Liverpool

Law firm Temple Bright has completed a first transaction for family-owned company North West Locum Service Ltd, seller of just under half of the total site for a proposed 664 home development in Liverpool.

Planning permission was granted in 2019 for the scheme at Freemasons Row in the Pumpfields area of the city, but the original developer became insolvent. Temple Bright was first instructed in 2021 to advise on and resolve various title obstacles to enable the project to proceed.

Completion of the land sale in August 2023 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 Ltd, the owners of the other half of the site, and Liverpool-based developer Legacie. 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 North West Locum Service Ltd.

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 Macfarlane and Temple Bright. I hope very much that we will work together on further projects in the future.”

Iain Macfarlane said: “Much effort has 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.

This was posted in Bdaily's Members' News section by Temple Bright LLP .