ReSi Homes’ £44 Million Large Scale Affordable Homes Development

In UK Trowers & Hamlins, advised on the matter.

Trowers & Hamlins advised Gresham House DevCo Limited with a team including Neil Biswas (Picture – Real Estate).

Resi Homes (a for profit registered provider within the Gresham House group) was involved in the purchase and forward funded development of 153 homes to be delivered primarily through modern methods of construction in Stanford- Le-Hope, Essex for £44 million.

All 153 homes are to be affordable housing (shared ownership), with modular homebuilder Ilke Homes delivering a turnkey product, in that they are responsible for identifying the site, securing planning permission and manufacturing/building the homes.

Trowers advised Gresham House with a team led by Neil Biswas (Picture) with assistance from Zuhayr Merali and Rory Stracey advised on planning matters.

Involved fees earner: Neil Biswas – Trowers & Hamlins; Zuhayr Merali – Trowers & Hamlins; Rory Stracey – Trowers & Hamlins;

Law Firms: Trowers & Hamlins;

Clients: Gresham House DevCo Limited;

Author: Giulia Di Palma