Law firm Gateley has acquired Birmingham-based specialist property consultancy Hamer Associates.
As part of the £2m deal, Hamer Associates will be renamed Gateley Hamer.
The acquisition of Hamer Associates forms part of Gateley’s IPO growth strategy to acquire businesses offering complementary professional and other specialist services across the firm’s five business groups, including property. It will also enhance Gateley’s ability to support its property clients by offering them specialist commercial property services.
Gateley Hamer will sit alongside Gateley’s national property business, which acts for developers, including 17 of the UK’s top 20 housebuilders.
Founded in 2000 by chairman Charles Hamer, the firm specialises in providing advice across the UK relating to easements and wayleaves for utilities infrastructure, and compulsory purchase and compensation.
The easements and wayleaves team advises property developers on negotiations in relation to the removal of utility infrastructure (pylons, cables, pipes) from development sites, and negotiates compensation for loss of development value where that infrastructure remains in-situ.
The compulsory purchase and compensation team advises project promoters on all aspects of compulsory purchase, from initial consultation through to settlement of claims; facilitating housing, regeneration, infrastructure and energy projects. The team also represents landowners and businesses affected by compulsory purchase, for example HS2, Crossrail and the Thames Tideway Tunnel.
In the year ended 31 March 2016, Hamer Associates generated revenues of £1.2m and operating profit of £292,000.
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