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Kreston Reeves advises Crofton Place on the sale of the entire property group

Firm name(s)Kreston Reeves
https://www.krestonreeves.com/
Deal typeBusiness Sale
Industry sectorProperty
Description

Kreston Reeves was proud to act as lead adviser on the successful sale of Crofton Place Estate Company Limited, parent company of a substantial property investment group to a well known pension scheme.

Crofton Place Estate Company Limited heads up a long established and successful property investment and development group where the shareholders were seeking a strategic trade sale as part of an exit strategy.

The Kreston Reeves corporate finance team was headed up by Andrew Griggs, the lead Corprate Finance Partner. The legal advisors were Brachers solicitors who were headed up by James Bullock

Andrew Griggs said, “The successful sale was as a result of a close collaboration between the corporate finance, legal advisers and the seller, maintaining open and clear communication amongst all the parties and above all achieving key deadlines.”

Geoffrey Norman, CEO, Crofton Place commented “Having advised us on our strategic options, Kreston Reeves identified a buyer and successfully negotiated a sale and were with us ‘all the way’ to conclusion. I would thoroughly recommend the firm who had a clear understanding of any hurdles (being commercial, tax, legal, personal or otherwise…) which arose and how to manage them.”

Adviser(s)Kreston Reeves
Completion date22nd May 2018
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