Shakespeare Martineau Completes Major Sale For L&Q Housing Trust

We are delighted to have successfully completed a significant transaction for L&Q Housing Trust on the sale of L&Q Estates to Urban&Civic.

The firm’s residential development and planning teams handled all property-related aspects of the sale, which encompassed more than 100 sites within the L&Q Estates portfolio at various stages of land promotion and development.

Acting on behalf of L&Q Housing Trust, our team included Joanna Deffley, Barry Fisher, Jack Kelly, Holly Lockley, Paul Harris, Ruth Thoms, Ashley Bhandari, Anthony Chan, Niamh Curran, Saleha Kothiya and Roz Stiles (land); Paul Wakefield and Rachael Coulsting (legal planning); and Amal Kaur (real estate). Residential development partner Joanna Deffley, who led the team, said: “We are delighted to have played a role in this significant transaction for L&Q Housing Trust. Our team’s dedication and expertise ensured a smooth process, aligning with L&Q’s strategic goals and supporting Urban&Civic’s expansion.

“Managing the property aspects of the sale not only reflects our capability in handling large-scale property deals but also underscores our commitment to supporting the housing sector’s growth and development.”

L&Q Housing Trust – one of the UK’s leading housing associations, owning and managing more than 105,000 homes – purchased L&Q Estates, previously Gallagher Estates, in 2017. We acted on behalf of Gallagher Estates in the transaction, which was the largest land acquisition undertaken by a housing association at the time.

Clifford Chance provided corporate and tax advice for L&Q Housing Trust, while Eversheds acted for Urban&Civic.