Boyes Turner has advised the Westmede Properties Group on its acquisition of Coda Studios, a multi-let office and retail complex in Fulham, which will be redeveloped into residential dwellings to help meet local housing demand.
The transaction highlights Westmede’s commitment to increasing London’s housing supply alongside its existing portfolio. The redevelopment is expected to deliver circa 100 new homes, with a projected gross development value in excess of £70 million.
The acquisition completed within four weeks of receipt of the sales pack, supported by a coordinated approach across Boyes Turner’s specialist teams. Lauren Ainsley, Senior Associate in the Development and Housebuilding team, led the matter, working closely with George Panteli, Partner in the Commercial Property team. Michelle Streeter, Associate, supported on due diligence in relation to the numerous existing occupancies, and Andrew Whitaker, Partner in the Employment team, also provided tailored advice helping to ensure that all aspects of the acquisition were properly addressed and the client’s interests protected.
“The team at Boyes Turner worked tirelessly to complete the acquisition within an exceptionally tight timeframe. Lauren Ainsley in particular was instrumental throughout. She coordinated the deal seamlessly, protected our interests throughout and delivered outstanding service under significant time pressure making a complex acquisition feel manageable. Her clarity, responsiveness and commercial insight were pivotal to the success of the deal, and it simply would not have completed as it did without her,” said George Wise, Head of Acquisitions & Investments at Westmede.
Lauren comments: “This was such a rewarding deal to have worked on both a professional and personal level. I have worked with George and the Westmede team since I was a trainee, so to complete on their biggest development acquisition to date is a huge milestone. It’s been a pleasure to be a part of Westmede’s continued growth and success alongside my own career trajectory. I can’t wait to see what the future of Westmede holds.
