Grainger plc’s £57 Million Acquisition Of The Forge Building

Womble Bond Dickinson advised Grainger plc on the deal.

Grainger plc, the UK’s largest listed residential landlord, acquired The Forge, a well-known private rented sector development based in Forth Banks, Newcastle.

With deep roots in Newcastle, Grainger had been looking to invest in the city for some time and this represents its first significant purpose built private rented sector (“PRS”) scheme acquisition in Newcastle. The deal was completed through a share purchase with the target company based in Luxembourg.

A multi-disciplinary and cross office team of WBD lawyers advised Grainger on the transaction, led out of the Newcastle office by real estate partner Tom Willows, corporate partner Ben Butler (Picture), corporate legal director Iain Pritty and corporate associate David Ridley. 

Involved fees earner: Ben Butler – Womble Bond Dickinson; Iain Pritty – Womble Bond Dickinson; David Ridley – Womble Bond Dickinson; Tom Willows – Womble Bond Dickinson;

Law Firms: Womble Bond Dickinson;

Clients: Grainger;

Author: Federica Tiefenthaler