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Altrincham commercial law firm Myerson has advised Michael Groves and Jason Watkin in connection with Lomond Capital’s investment in Thornley Groves Estate Agents Limited.
Thornley Groves has grown from a single branch in Altrincham established in 1991 into a market leading estate agency and lettings business with 8 branches across Central and South Manchester, selling £250m of property a year, handling over 3,000 lets and managing more than 1,600 properties.
Myerson has provided legal advice to Thornley Groves throughout this period, from the lease of the very first Thornley Groves branch to the investment by Lomond Capital.
The investment will enable Thornley Groves to grow and embark on a period of expansion. It aims to achieve this by acquiring smaller local agencies with a focus on residential lettings and management.
The team from Myerson was led by Andrew Brown (Corporate/Commercial) with assistance from Philip Ball and Catherine Simons. Property and employment aspects of the transaction, were dealt with by Andrew Chapman (Property) and Helen Littlewood (Employment) respectively.
Michael Groves commented “Myerson have advised myself and the business since it was established over 20 years ago and so they were the natural choice to advise on this transaction. Their expertise across the spectrum of legal advice needed with this relatively complex matter simplified the process and as always they were a pleasure to work with”.
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