Pivotal hire as property market builds momentum

Pivotal hire as property market builds momentum

Published:

Author: Alastair Gray

Increasing momentum in the housing market has prompted Shoosmiths to make another important appointment aimed at helping housebuilder clients keep up with rising demand.

Following a number of additional residential development specialists joining the team over the summer, senior associate Neil Gosling joins the national law firm as housebuilders report increased profits, demand and sales figures.

Gosling, who will be based in Birmingham, joins from Gateley, and has more than 12 years' experience in the residential development sector.

He has acted for eight of the UK's top 10 housebuilders, along with land owners and housing associations; and his expertise is in immediate and strategic land acquisitions, disposals, and urban regeneration projects.

Hiring Gosling is part of Shoosmiths' strategy to provide greater dedicated strength in depth in the West Midlands' residential development legal market, complementing the huge resources already at its disposal in its Northampton and Milton Keynes offices.

Gavin Le Chat, partner and head of residential development in Birmingham, said: "We've seen housebuilders publishing significant increases in sales figures, citing the positive effect of Help to Buy and improved lending rates, as well as a housing supply shortage.

"It means they're having to buy more land as well as draw on their land reserves and existing stock sooner than expected to keep up with demand.

"We've hired Neil, a highly experienced solicitor in this field, to help us provide more depth to our team to enable us to better serve clients as they seek to take advantage of this welcome upturn in the housing market."

Gosling said: "This is an exciting time to be joining Shoosmiths, as market activity starts to grow. We have to show we've the dedicated expertise, capacity, commercial sensibility and billing transparency to help housebuilder clients capitalise."

For the financial year 2012-13, Shoosmiths' residential development team saw 16% year-on-year growth, partly the result of a deliberate strategy of focusing on key relationships during the recession, which in turn saw fee income from leading clients double in the past four years.