International law firm DAC Beachcroft has advised Wates' Land and Development division, part of the Wates Group, on its acquisition of Midlands-based land promoter Manor Oak Homes.
The acquisition marks an important step in Wates' growth and regional expansion strategy, bringing 52 maturing sites into its land portfolio and supporting the establishment of a strengthened Midlands-focused regional operation.
Manor Oak Homes has built a strong reputation for the quality of its sites and its delivery-focused approach. The business will operate as Wates Manor Oak, with its existing leadership team remaining in place to ensure continuity.
DACB was retained by Wates to advise on all real estate matters arising from the transaction, working alongside the wider professional team to support its successful completion.
George Parker-Fuller, Head of Housebuilding and Planning at DAC Beachcroft who led for the firm on the Real Estate elements of the transaction, said,
"This is a significant acquisition for Wates, strengthening its presence in the Midlands and supporting its long-term growth ambitions. It has been a pleasure to work alongside the Wates team, helping to bring together two well-aligned businesses with a shared commitment to high-quality, sustainable development."
The transaction reflects continued momentum in the land promotion sector and the importance of regional capability in delivering sustainable growth.
DACB's Real Estate team advises investors, developers and occupiers across the full lifecycle of real estate activity, including acquisitions, development and asset management, with experience spanning residential, mixed-use and regeneration projects.
