The Client
DMP Healthcare are a leading and expanding provider of residential care & nursing homes, evidenced by their recent acquisition of two new sites at Houghton Regis and Bishops Stortford.
The Challenge
The acquisition of the development site presented a number of legal and logistical complexities. These included:
- Title issues on a large multi-use site
- Planning considerations
- Development agreements
- Easements
- Collateral warranties and guarantees
Our Approach
Herrington Carmichael’s Commercial & Real Estate team provided effective & integrated support on all elements on the transaction, including negotiating, drafting, report on all documentation and aspects of the deal including title, overage, guarantees & construction warranties.
The Outcome
Both acquisitions were successfully completed, enabling DMP Healthcare to continue its expansion with confidence.
What the Client Said
“I have worked with Herrington Carmichael and Liz Hailey for many years. The recent purchase of a development site for a new home was particularly complicated involving complex title issues on a large multi-use site, planning considerations, development agreements, easements, collateral warranties and guarantees. The Real Estate and construction teams at Herrington Carmichael collaborated with myself and my project management team and proactively managed the expectations of multiple stakeholders on the site to deliver a successful outcome for all concerned. Their advice is commercially astute and solution focused. This approach was echoed on subsequent recent acquisition of a vacant care facility. Thank you to all the team at HC for your continued excellence and your support in concluding these exciting new projects for DMP. We are delighted to have your as part of our team of trusted professional advisors.”
— Brijesh Patel, CEO, DMP Healthcare
