Billericay

Overview

Advised a UK local authority on the acquisition of a substantial residential asset within the borough, identified as a strategic solution to meet temporary accommodation requirements. The acquisition enables the council to bring accommodation in-house, delivering significant cost savings versus traditional short-term leasing arrangements while improving security of supply and operational control.

Location

Billericay

Sector

Residential

Client

Local Authority

Transaction

Acquisition

Status

Completed

Value

£10m - £15m

Project Description

Strategic acquisition of an unbroken residential development

Outcome

Off-Market acquisition delivering critical housing and substantial cost savings for the Local Authority