Sovereign Network Group Acquires Affordable Homes for Brent Cross Regeneration
Deal News | Dec 03, 2024 | TLT
TLT, a UK-based national law firm, has successfully advised Sovereign Network Group (SNG) in its acquisition of several affordable homes in Brent Cross Town, a major regeneration project in North London. Formed through a merger of Sovereign and Network Homes in October 2023, the housing association SNG aims to increase its provision of affordable homes. Brent Cross, a joint-venture between Barnet Council and Related Argent, is intended to be a new hub of activity that will provide 6,700 homes, workspace for 25,000 people, and create 20,000 jobs. TLT's team, led by partner Shazia Bashir, provided comprehensive advice including cross-practice support on planning, infrastructure, and tax. The project is seen as a critical contribution to London's affordable housing sector.
Sectors
- Real Estate Development
- Legal Services
- Affordable Housing
Geography
- United Kingdom – The transaction and the commodities involved are centered around the UK, specifically London.
- London – Brent Cross Town is located in North London, which is central to the regeneration project discussed in the article.
Industry
- Real Estate Development – The article discusses a major regeneration project involving the acquisition and development of new homes, which is a key area within real estate development.
- Legal Services – TLT, a law firm, played a crucial role in advising the SNG on the transaction, highlighting the industry's involvement.
- Affordable Housing – SNG's involvement in acquiring affordable homes makes affordable housing a relevant industry classification.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sovereign Network Group (SNG) | Target Company | Company | A housing association in the South of England, recently formed through a merger, acquiring affordable homes. |
| TLT | Legal Advisor | Company | A national law firm advising SNG on the acquisition of affordable homes in a London project. |
| Barnet Council | Government | Government | Local government entity partnering in the Brent Cross Town regeneration project. |
| Related Argent | JV Partner | Company | Involved in the joint-venture for the Brent Cross Town regeneration project. |
| Shazia Bashir | Housing and Regeneration Partner | Person | Partner at TLT who led the team advising SNG. |
| Matt Bird | Regional Managing Director | Person | SNG’s regional managing director for London and the East Region. |