BH PLAYS KEY ROLE IN £46m PROPERTY DEAL (27/07/12)
Burgess Hodgson has proved its mettle with a key role in one of Canterbury’s biggest ever property deals, which last week took up the whole of the front page of the local newspaper, the Kentish Gazette.
The practice acted as accountants and tax advisors to the vendors in the £46 million deal that saw the student village in Parham Road snapped up by Dragon’s Den entrepreneur James Caan for Kuwaiti backers Dimah Capital [click here].
The deal took several months to negotiate, with Burgess Hodgson partners Steve Sutton, Ken Jones and Martin West playing an important advisory role to the vendors.
It’s not the first time that Burgess Hodgson has been involved in a multi-million pound deal: in fact the practice is well-versed in dealing with substantial cases, having previously dealt with a full stock exchange flotation, a £75m public to private takeover and numerous other major sales and purchases
Commenting on the deal, senior partner, Steve Sutton said: “We are delighted to have been involved in this ground-breaking deal. It also proves that we have the expertise to handle transactions of this size, something that many other provincial firms would not be able to do.”