Capsticks have advised Soha Housing on the acquisition of 108 homes from another housing provider.
Exchange took place on 9 June 2020, 12 weeks into the COVID-19 pandemic, following instructions to Capsticks in January 2020. Completion of the first phase is due to take place before the end of December 2020 and the second phase, the supported living service for adults with autism, before the end of February 2021. Flexibility was introduced into the contract for sale to take account of the on-going COVID-19 Pandemic and the effect this continues to have operationally for RP’s to ensure continuity of service for residents leading up to and around the prospective completion dates.
The transaction involved the transfer of homes in Buckinghamshire and South Oxfordshire, including homes for more vulnerable residents who are supported by care packages. Soha is an award winning, high performing community mutual housing association, who look forward to welcoming residents transferring to the association and giving them the chance to engage fully in shaping Soha’s future as members of the association.
The project was led by Mike Regan (Picture), Associate at Capsticks.
Involved fees earner: Mike Regan – Capsticks LLP;
Law Firms: Capsticks LLP;
Clients: Soha Housing;