Nexus Residential Acquires Soapworks for £100m
Deal News | Nov 15, 2024 | Freeths LLP
Nexus Residential, in partnership with Legacie, has finalized the acquisition of the Soapworks site, a prominent £100 million mixed-use development located on a former tannery site in Liverpool's Northern Quarter. Soapworks will host 381 residential apartments, alongside commercial amenities, reinforcing the ongoing regeneration efforts in the historic area. The law firm Freeths LLP provided legal counsel to Nexus Residential on this acquisition. The transaction was spearheaded by Freeths' Real Estate Partner Stephen Lewis and Corporate Managing Associate Rosanna Brown.
Sectors
- Real Estate
- Legal Services
- Construction and Development
Geography
- United Kingdom – The acquisition and development are taking place in Liverpool, a key city in the United Kingdom.
- Liverpool – Specifically situated in Liverpool's Northern Quarter, the development intends to be part of the area's ongoing regeneration.
Industry
- Real Estate – The acquisition of Soapworks, a £100m mixed-use development, is a significant transaction within the real estate sector.
- Legal Services – Freeths LLP, a national law firm, provided legal advisory services for the acquisition.
- Construction and Development – The development of residential apartments and commercial spaces positions this transaction within the construction and development industry.
Financials
- £100 million – The financial valuation of the Soapworks acquisition and development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexus Residential | Purchaser | Company | A real estate company involved in the acquisition of the Soapworks development. |
| Legacie | Partner | Company | Partnered with Nexus Residential for the Soapworks development. |
| Soapworks | Target | Asset | A £100 million mixed-use development project comprising residential apartments and commercial spaces. |
| Freeths LLP | Legal Advisor | Company | A national law firm advising Nexus Residential on the acquisition. |
| Stephen Lewis | Real Estate Partner | Person | Lead partner from Freeths LLP overseeing the legal advisory for the transaction. |
| Rosanna Brown | Corporate Managing Associate | Person | Corporate Managing Associate from Freeths LLP involved in the transaction. |