We are proud to have been hugely instrumental in securing Points Cross on behalf of our client which has planning permission for 928 flats. Points Cross is situated at 123 - 125 Hunslet Road Leeds South Bank LS10 1LD. The sensitivity and confidentiality of this deal was such that the details couldn't be emailed to us from the get go. We had to meet with the sellers face to face and under an NDA before any information could be shared.
Prior to this opportunity coming to us, we had a £100m forward fund deal we were leading fall out of bed just two days before, so this deal came in at the right time. The sellers of the land at Hunslet Road, now known as Points Cross was X1 Developments who are a formidable Developer from the North of England. They were looking for a strong buyer who has both the financial capacity and track record to undertake a deal of this size and is the reason why they approached Dandor.
We decided to put forward The Guinness Partnership who we have a close working relationship with. Our client is one of the largest affordable housing providers in the UK who own more than 66,000 homes up and down the country. Once X1 got to know who we were putting forward, they conducted their own due diligence on Guinness and came back and said "we have heard good things about your Guinness. Those we have spoken to speak very highly about them". This statement was no surprise to us. We were expecting to hear nothing less than this.
Without going into the intricacies and complexities of the deal, a transaction of this size and scale was never going to be easy or straight forward because of all the technical detail and legal parameters involved. We led the negotiations and advised our client which on what was a long and very challenging process. That being said, we managed to bring this to a successful conclusion where both buyer and seller were happy with the end result.
Another really important fact which adds to the weight of this historic deal is that Guinness have been around since 1890 and this is their biggest residential consented development they have ever bought in their entire history! We are proud to have been able to make this happen and as a result we have cemented our place in the Guinness book of records!