Capsticks advises Abri on landmark acquisition
06/02/23
Capsticks advised Abri on the acquisition –of land to deliver 67 homes in Botley, Hampshire which will be affordable, comprising affordable rent and shared ownership tenures. This will bring much-needed affordable homes to the village, which has a population of just over five thousand,
The team worked with Abri on the land purchase at Boorley Green and the new homes will be delivered as a joint venture between Abri and Vistry Homes.
Abri is one of the largest housing associations in the south of England, with 40,000 homes and assets and 100,000 customers.
Construction, is due to start in early 2023 and is expected to take around three years to complete.
Spencer Vella Sultana, Partner in the Housing and Regeneration team of Capsticks in Winchester, said:
“We are the law firm of choice for those that make a difference and Abri’s targets of building at least 1,000new homes a year will undoubtedly create thriving communities and support those that need it most. I’m delighted to see that Capsticks has played a role in helping Abri inch closer to this goal.”
Steve Taylor, Head of Land and Planning at Abri said:
“The Capsticks team worked with us to secure this land . With the increased cost of living, affordability is such as an important issue and we’re pleased to be in a position to provide quality, affordable homes to the area."
Capsticks aims to be the firm of choice for organisations who work to make a difference. Our purpose is to be the legal advisers that clients want by their side, providing innovative and practical solutions tailored to our sectors’ unique challenges. Our lawyers work together as one team with the same values: putting people first, doing the right thing and always forward thinking.