Andrew & Co Paves the Way for New Homes in North Scarle
- AuthorPaul Simpson
Just one year into their new business collaboration, Bowthorpe Developments Limited, part of Bowthorpe Group, has successfully completed its first land purchase and construction work has started on the site in North Scarle in Lincolnshire.
Set to be completed in autumn 2019, The Meadows will consist of nine executive four-bed homes. Bowthorpe Group is a new property developer born from the experience of its two directors Chris Wild and Rick Nicholls. The company was set up in 2018 and will focus on providing quality new homes within the East Midlands.
Andrew & Co Solicitors, acting on behalf of Bowthorpe Developments Limited, helped to secure the 1.75-acre site, on Eagle Road just off the A46.
Bowthorpe Group Ltd has appointed a team of professionals, all local to the area, to build the individually designed energy-efficient homes.
Rick explained: “It was an important consideration when forming the business for us to have a team who shared the same passion and ethos. It’s our intention to build and grow the team, working together on the North Scarle site but also our pipeline projects.
“We have exacting standards and work hard but so do our team, so it’s important to us we surround ourselves with like-minded people so we can also enjoy the challenges.”
Chris said: “Bowthorpe Group works with landowners in differing ways to help maximise the value that can be achieved from individual developments. This includes joint ventures, profit share and increased deferred purchase price, all of which are overseen by Andrew & Co to ensure the correct contracts are in place.
"We were delighted to work with the team at Andrew & Co Solicitors on purchasing the land and putting the arrangements in place for this development. The expertise and support of Paul Simpson was exceptionally helpful.
“His advice and guidance when setting up our shareholder agreement between us and our joint venture partner ensured a smooth acquisition process, providing the security and guidelines for both parties.
"We are confident of the opportunities within Lincolnshire and the East Midlands and we are actively seeking our next development project. We look forward to working again with Paul and Rory to ensure that all legal aspects are suitably covered. Maintaining the relationship knowledge and synergy, all completed homes will be sold with Andrew & Co providing the conveyancing service."
Currently, detailed studies are being undertaken for sites in Balderton, Coddington, Collingham, Farnsfield and North Scarle.
Head of Corporate and Commercial at Andrew & Co Solicitors Paul Simpson said: "We are delighted to be working with Bowthorpe Group and supporting them from land purchase to handing over the keys to their new homeowners.
“This new venture is a welcome step towards increasing enterprise in Lincolnshire business using local companies, making a positive impact on the economy.
“Rory and I forward to working with Rick and Chris in the future and wish them every success.”
To find out more about Andrew & Co Solicitors' corporate and commercial legal services please contact Paul or a member of the team in Lincoln on (01522) 512123 or Newark on (01636) 673743.