Bristol firm Temple Bright acted for the shareholders of a property investment company on their £8.7m sale to a London-based consortium. The deal was led by partners Tim Summers (corporate) and Justyn McIlhinney (property). City firm Goodman Derrick acted for the buyers.
Nicholas Fox, leading the shareholder team, commented: “I have worked with Tim and Justyn for many years and Temple Bright were the natural choice to advise on this substantial and complex deal. My fellow shareholders and I have been delighted with the quality of their advice, which was always efficient and focused on getting the deal done. They offered us a fixed fee and ensured that the process kept moving at all times. The end result has been fantastic for us and we would not hesitate to use them again.”
Justyn McIlhinney commented: “We were pleased to have the opportunity to act in this transaction which involved prime commercial properties in London’s West End. The corporate structure of the sale threw up some interesting angles and it was great to see the deal completing satisfactorily for both parties.”
Tim Summers added: “This was an exciting job for Temple Bright, concluding just before the end of our first year. It involved a complex structure and a number of challenging issues. This is an excellent example of the kind of work for which Temple Bright’s business model has been created. By using senior lawyers on all aspects of the deal, we have been able to offer our clients the service they were seeking: commercially focused advice given exclusively by experts, with greater certainty on fees.”
This is a news release dated 11 March 2011.