Active property market fuels law firm’s real estate expansion

Gregory Abrams Davidson (GAD Legal) is to expand its real estate department after advising on property development transactions in excess of £105 million in the last 18 months.

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The firm, which has a turnover of £4million and has offices in Liverpool and London, is now looking to add property experts in its commercial and residential departments.

Demand for services has been fuelled mainly in the Liverpool City Region, where the firm’s real estate team is advising social housing and private sector property development clients on residential developments that will see 956 units being brought to the market.

The team is also witnessing a marked increase in clients looking to occupy retail and leisure units. The most recent is On the Green, which is a 4,700 sq. ft golf simulation concept at Grosvenor’s Liverpool One retail complex.

Mark Alexander, head of commercial real estate, commented on the division’s growth. He said: “For a brief period, the pandemic put a pause on activity in the marketplace, but Liverpool’s property market is certainly very buoyant, and we have a very active pipeline that stretches well into 2022.”

“Alongside Peel’s £5 billion Liverpool Waters development, Everton’s plans for its new £500 million stadium will help the City position itself internationally as providing attractive investment opportunities especially with Manchester possibly reaching saturation level.”

He concluded: “More recently, we have seen a marked increase in demand for clients looking to secure retail or leisure units. It’s pleasing to see, and it shows confidence is growing among retail and leisure operators now that we are seeing a gradual return of consumers back on the high street and in hospitality venues.”

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