BRM has advised on acquisition, pre-let, and development funding for an £83m apartment development in East London.
Reinforcing its position as one of the largest real estate teams in the Sheffield city region, this deal takes the total value of BRM’s Real Estate development deals over the last three years to over £300 million.
In this recent deal Head of Real Estate Adrian Sheehan and the specialist team of Sarah Rowland (Construction) and Chris Hey (Real Estate) advised R Blue Regen HQ Limited on a brownfield industrial site for apartment development. The firm’s support included site identification, through acquisition, pre-let, and development funding. BRM continue to advise in the £83 million development as construction commences.
Adrian Sheehan said:
“This has been a fantastic project to work on, bringing this site from identification and acquisition, to pre-let, development funding and construction.
I was ably supported by the BRM Real Estate and Construction teams in advising our client, settling all necessary documentation and our dealings with the Pension Fund and Tenant in general.
This forms one of the multiple sites that we have advised on for local and national developers that are in construction and others which are coming toward fruition.
Having already completed a high number of deals in the previous 12 months, the team headed by Sheehan is predicting another strong year for the Real Estate team.
We haven’t seen a drop in transactions, the market has remained confident, the firm’s regional and national client development portfolio has grown significantly in the past 3 years, and we are now acting on potential developments of increasing size and value”
The property team at BRM advises on all aspects of property management and transactions, including portfolio management, finance, and development with specialisms in hospitality, commercial and residential developments.