Hugh James has advised Cardiff Council on the acquisition of a city centre apartment complex to help meet the city’s growing housing needs.
Lime Tree Mansions consists of 40 apartments and is located centrally on Whitchurch Road in Maindy. The acquisition of the scheme represents a significant investment by the Council and forms part of its focus on alleviating demands for housing and pressures arising from homelessness.
The Hugh James team was led by Senior Associate in the firm’s Commercial Property team, Kylie Underhill. She said: “We are proud to have supported Cardiff Council on the acquisition of Lime Tree Mansions.
“This was an important transaction for the Council and one which required a focused and collaborative approach to meet the required timeframe. It is always rewarding to support public sector clients on acquisitions which have the potential to deliver real benefit to local communities.”
The deal further reinforces Hugh James’ experience in advising local authorities and public sector bodies on strategic property acquisitions, including residential, regeneration and investment-led projects.
Caroline O’Flaherty is a Partner in Hugh James’ Commercial Property team. She added: “This is a fantastic result and reflects the strength of our Commercial Property team’s public sector expertise. We are proud to have assisted Cardiff Council in its continuing strides to provide vital housing across the city.”
Cllr Lynda Thorne, Cardiff Council’s Cabinet Member for Housing and Communities, said: “Cardiff continues to face significant housing and homelessness pressures, which is why we have been exploring a wider range of delivery options alongside our new-build programme to help meet the urgent need for affordable housing.
“The acquisition of Lime Tree Mansions represents an important investment that will enable us to provide additional temporary accommodation for households in need, while supporting our wider efforts to improve housing outcomes across the city. We are grateful to Hugh James for their expert support throughout the transaction, helping us secure this acquisition and take another important step towards delivering the homes and housing support that Cardiff residents need.”
