Gate­ley in £4m swoop on south­ern le­gal firm

Birmingham Post - - FEATURE -

BIRM­ING­HAM law firm Gate­ley has ex­panded with the £4 mil­lion ac­qui­si­tion of a prac­tice in the South East.

The firm has bought Guild­ford­based GCL So­lic­i­tors for £4.15 mil­lion. GCL So­lic­i­tors spe­cialises in le­gal ad­vice for land and prop­erty clients and works with some of the UK’s lead­ing house­builders as well as pro­mot­ers and landown­ers.

It also acts for over­seas pri­vate in­vestors buy­ing new-build res­i­den­tial prop­er­ties in the UK, pri­mar­ily in and around Lon­don. It will trade as Gate­ley from its ex­ist­ing base once the deal has com­pleted.

This is the third and largest ac­qui­si­tion Gate­ley has made since the group’s ad­mis­sion to the AIM stock mar­ket in sum­mer 2015.

It pre­vi­ously bought out fi­nan­cial con­sul­tancy Ca­pi­tus and char­tered sur­veyor Gate­ley Hamer, mak­ing GCL So­lic­i­tors the first le­gal busi­ness it has ac­quired.

The deal will add 79 new mem­bers of staff in­clud­ing group.

Michael Ward, chief ex­ec­u­tive of Gate­ley, said: “The ac­qui­si­tion will fur­ther strengthen our lead­ing po­si­tion in the res­i­den­tial de­vel­op­ment sec­tor na­tion­ally and pro­vide us with a sub­stan­tial pres­ence in the south­ern mar­ket which we see as crit­i­cal in de­vel­op­ing a full ser­vice of­fer­ing for our clients. There is a struc­tural un­der sup­ply of new hous­ing in the UK and we see this as a mar­ket that six part­ners to its will re­main strong. The South East in par­tic­u­lar will con­tinue to be a sig­nif­i­cant en­gine for hous­ing growth for the fore­see­able fu­ture.”

Tony Inkin, man­ag­ing part­ner of GCL So­lic­i­tors, added: “We are ex­cited to be join­ing Gate­ley. We have a great op­por­tu­nity with our com­bined ar­eas of ex­per­tise to build an un­ri­valled of­fer­ing for clients in the south of the UK and to strengthen fur­ther the pri­vate prop­erty in­vest­ment part of our busi­ness.”

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