Spire Solicitors LLP Advises Wilson Development Limited on the Acquisition of Drayton Old Lodge Limited

Based in Norwich, Norfolk, Wilson Development Ltd is a 360 property development company creating commercial and residential experiences for aspirational customers. The Buyer is well-known for their luxury enterprise portfolio consisting of some of Norfolk’s most well-known staples which include The Assembly House, Norwich, The Pigs, Edgefield & Byfords of Holt, who also run the online cake ecommerce subsidiary SPONGE.

The transaction consisted of the purchase of the entire share capital of Drayton Old Lodge Limited by Wilson Developments Limited from the Seller, allowing for the Buyer to build 35 residential homes on the site in Drayton, Norfolk.

Roger Margand from Spires’ Commercial department led the team that advised Wilson Developments and was assisted by Protima Sidkar-Wood in Spire Solicitors Commercial Property team.

Roger comments: “I’ve worked with Wilson Development Limited for some years now so it was a real pleasure to be able to assist on this purchase to continue to expand their impressive portfolio.”

Roger adds: “The transaction affirms Spire Solicitors commitment to continually grow the quality and profile of our corporate instructions through Norfolk on a Local, Legal & Personable level.”

Paul Mitchell from Ashtons Legal Corporate and Commercial department led the team that advised the seller.

Paul comments: “Having helped the seller to acquire Drayton Old Lodge back in 2015, the team here at Ashtons were delighted to be able to assist in the onward sale of the business in 2019. It is a very positive outcome for all concerned.”

Iain Wilson from Wilson Development Limited says: “My thanks to Roger Margand of Spire Solicitors LLP. His great service and professional approach on our latest acquisition enables us to continue with our growth strategy of unique commercial and residential experiences in Norfolk.”