Acorn first began advising the private owners of a redundant warehouse just off Abbey Street back in 2013. The clients had secured planning permission for a new block comprising 8 apartments and a ground floor commercial unit, and our New Homes and Commercial teams provided advice as to the anticipated end values. The owners were reluctant to pursue a straight sale, but equally didn't wish to undertake the development themselves.
Our Development team therefore approached a number of reliable local developers, and agreed a joint venture deal to bring the project forward. The partnership has proven a resounding success, and the Acorn Group has co-ordinated the key elements of the deal including the sale and letting of the new apartments, the letting of the commercial unit and formation of a structure for the ongoing management of the new block. Furthermore, our Commercial Management team has been appointed by the owner to coordinate the management of the commercial leases in the original building, and our residential Property Management team will look after the residential units that have been retained in the new block.
The Acorn Group prides itself on serving as a 'one stop shop', and its ability to offer clients a truly comprehensive service for anything property related.
If you have a development site that may suit a joint venture arrangement, or indeed if you require any property related services in SE1 please contact our offices.
