Lodders advises on acquisition of two UK residential parks

Lodders Law Firm has advised Avon Estates Ltd. on the acquisition of two further plots for the development of residential parks as part of the company’s expansion plans.

Lodders property partner Alastair Frew and Leanne Lawrence, senior associate in the corporate team, advised Avon Estates on the purchase of The Willows in Forthampton, Gloucestershire and Edkins Park in Wilmcote, Stratford-upon-Avon.

Based in Stratford-upon-Avon, Avon Estates is a family-owned business that operates residential estates and holiday parks across the Midlands, offering luxury homes, freehold holiday homes and holidays with caravan sites, glamping lodges and self-catering accommodation. The double acquisition brings the number of parks managed by Avon Estates to 14.

Alastair Frew, who advised Nic Allen, director of Avon Estates, for many years, said the two latest deals reflected the company’s success in renewing and managing a growing portfolio of parks across the UK.

Alastair said: “The UK residential and holiday park industry is booming. If operators find the right niche market and manage their parks to a very high standard, they can be very successful, and that is what Avon Estates is renowned for.

“Edkins Park was purchased from a family that had owned the park for decades, so it was particularly important that our client’s proposition was as compelling as possible and provided the best path for the family. In the case of The Willows, our role was to complete the transaction quickly and thoroughly. We look forward to seeing the parks develop when work begins later this year.

Nic Allen, Director of Avon Estateshe said: “This year Avon Estates is dedicated to expanding our portfolio of residential parks. With four new parks already and three more in the pipeline, our family business is expanding, creating safe, friendly park home communities in stunning rural locations, where like-minded residents enjoy a more relaxed lifestyle.

“As we grow, we remain committed to improving the parks to give them a family feel, working with UK manufacturers to deliver high quality park homes. Our expansion not only meets demand for high quality ground floor accommodation in peaceful locations, but also drives local employment opportunities and supports local businesses. We are also keen to explore further opportunities to acquire parks from similar independent, family-owned businesses.”

Lodders is a leading law firm in Cheltenham, Stratford upon Avon, Birmingham and Henley in Arden. Established over 240 years ago, the firm offers expert legal advice across a range of legal services including private client, commercial, property and family law.

For more information visit www.lodders.co.uk