Our Service

Residential property is becoming increasingly attractive as an asset class for large funds and quoted property companies. Where it is possible to acquire large blocks of residential property it can prove an efficient to purchase these for the Private Rented Sector (PRS) model or the Build to Rent (BTR) model.

PRS schemes are based largely on a housing product that could be sold in the traditional marketplace, whereas BTR schemes are specifically designed with tenants in mind and so there may be different or extended common facilities that are there for the tenants to use i.e. to satisfy customer demand for the residential product.

Both models allow developers to dispose of a whole or part of development to a single purchaser and so can be attractive in order to support the financial viability of a development. Often such sales will be transacted at an early stage by way of a forward funding or forward sale agreement which enables the funding of the construction of the development and replaces the need for traditional development finance.

Our specialist lawyers can assist with all aspects of PRS/BTR developments.

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Our Approach

With a team of 20 legal professionals dealing with residential development the Myerson residential development team is one of the largest in the North West. The breadth and depth of experience that the team brings is able to be fully utilised to ensure that clients achieve the best possible outcome to their proposed development project. The team is well used to dealing with very complex development matters, whether these relate to complex joint venture structures, overage issues, funding arrangements or residential unit sales.

We provide advice in clear terms tailored to your requirements to ensure that you achieve your desired outcomes with as little stress as possible.

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Our Promise & Core Values

Our Promise

The Myerson Promise - Our Partners, team of lawyers and support staff commit to giving our clients more.

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To always give you clear, jargon-free advice.
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To be completely transparent about our fees from the outset.
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Progress every matter in an efficient and timely matter.

Our Core Values

Our core values are at the centre of everything we do.

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We are always professional but ensure that we are friendly and approachable.
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We are determined and enthusiastic about supporting our clients and our people.
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We willingly take responsibility and can be relied on to be commercial, effective and efficient.

Our Experience

Examples of our recent work include the following:

  • The acquisition of a site in Salford for a development of over 600 residential properties including the site assembly from several different landowners, dealing with development funding and then managing the sale process to end purchasers. 
  • Acting for land owners concerning a promotion agreement whereby their land was put through the planning process by the promoter and then sold on to a national housebuilder.
  • Acting for landowners in relation to the sale of their land to a national housebuilder by way of a contract conditional upon planning. The contractual arrangements were complex and needed to protect and secure the landowner’s position over a period of several years, whilst the housebuilder gained planning consent.
  • The acquisition of development land on behalf of developers upon which to build more than 1,000 houses and dealing with adjoining landowners to facilitate the access to and servicing of the wider development area.
  • Acting for land owners in relation to the sale of land to a housebuilder and including overage provisions to enable the land owner to share in any value created from future development of the site.
  • Acting for developers in relation to the purchase of an industrial site in Salford on a conditional upon planning basis and then the development and sale of 400 apartments.
  • The purchase and development of a Manchester city centre residential development site on behalf of developers and the forward funding arrangements for the whole block with a PRS fund. 
  • Acting for a developer in relation to the development of high value apartments in a prestigious Cheshire location, including securing the site by way of a contract conditional upon planning and then the sale of the completed apartments to individual owner occupiers.
  • The sale of a substantial freehold reversion portfolio to a specialist ground rent fund.
  • Agreeing the joint venture arrangements between landowner and developer concerning the development of a substantial residential scheme on a Greater Manchester site.

Contact Us

Our Promise & Core Values

Our Promise

The Myerson Promise - Our Partners, team of lawyers and support staff commit to giving our clients more.

.
To always give you clear, jargon-free advice.
.
To be completely transparent about our fees from the outset.
.
Progress every matter in an efficient and timely matter.

Our Core Values

Our core values are at the centre of everything we do.

.
We are always professional but ensure that we are friendly and approachable.
.
We are determined and enthusiastic about supporting our clients and our people.
.
We willingly take responsibility and can be relied on to be commercial, effective and efficient.

Meet Our Specialists

Home-grown or recruited from national, regional or City firms. Our specialists are experts in their fields and respected by their peers.

Richard Lloyd

Richard Lloyd

Richard is a Partner and Head of our Commercial Property department

Joanne Perritt

Joanne Perritt

Joanne is a Partner in our Commercial Property department

Jeremy Lee

Jeremy Lee

Jeremy is a Partner in our Commercial Property department

Andrew Chapman

Andrew Chapman

Andrew is a Partner in our Commercial Property department

Mark Gillies

Mark Gillies

Mark is a Partner in our Commercial Property department

Dee Dewhurst

Dee Dewhurst

Dee is a Senior Solicitor in our Commercial Property department

Testimonials

Contact Us

Please send us your enquiry using this enquiry form, or you can send us an email to lawyers@myerson.co.uk