Trowers & Hamlins advises Apache Capital on its joint venture for a luxury retirement village
International law firm Trowers & Hamlins has advised long-standing client Apache Capital Partners (Apache Capital), on their joint venture deal with retirement housing company, Audley Group.
The deal will see the development of a 13,750 sqm retirement village on Nightingale Lane, overlooking Clapham Common, London. The scheme has a gross development value of £125 million.
Apache Capital had already secured planning permission for the site it describes as bring a luxury retirement village, and they have joined with Audley to build the homes.
Trowers & Hamlins Corporate partner Nick Harrisingh, who led the deal team advising Apache Capital, said:
"It is pleasing to see Apache Capital and Audley Group complete their joint venture for what promises to be a market leading retirement village in London. Our population is living longer and this project will provide a much needed option for those who wish to continue living in the capital." Richard Jackson, Co-founder and Managing Director of Apache Capital, said:
“The joint venture with Audley is consistent with our strategic aim of investing into sectors underpinned by long term demographic trends. The team at Trowers & Hamlins were invaluable to us during the legal process. Their expertise, commercial approach and responsiveness ensured a smooth process.”
Nick Harrisingh led the deal team at Trowers & Hamlins and advised on structuring and corporate aspects. Property advice was provided by Julian Keith and Chris Hourihan, construction advice by Benjamin Futerman and banking advice by Sarah Gooden and Claire Ezekwe.