From Property to Financing: HK Law’s Expert Team Successfully Advises on Complex Arcade Acquisition

HK Law’s Land and Company Commercial teams worked closely together to support a client’s successful acquisition of a local Dorset amusement arcade complex, encompassing properties, business assets, and employee transfers. The team’s joint efforts and expert advice ensured the deal was completed ahead of the crucial summer season.

Commercial acquisitions

The transaction involved cooperation and involvement of solicitors across departments at HK Law. Fiona Knight, a Partner, and Scott Harrison, a Solicitor, were responsible for the property acquisitions. The amusement arcades consisted of five distinct properties, and Fiona and Scott were responsible for preparing the contractual conditions, reviewing and reporting on each of the titles, and carrying out and reviewing the searches carried out against the site as a whole. The transaction also included a number of leasehold elements, including a new lease being granted, the assignment of an existing lease and the acquisition of properties subject to leases to commercial tenants.

Throughout the transaction, our Corporate Commercial colleagues, Caroline Carretta, a Partner, and Liam Voysey, a Solicitor, assisted and dealt with all elements of the financing arrangements, business acquisition and the relevant TUPE transfers of the employees from the seller to the purchasing company.

Benefits of the transaction

We were able to coordinate a number of parties to ensure that the transaction was completed before the school Summer holidays. This was a key objective of our client, as this is the busiest period for the amusement arcades. We were delighted to be able to achieve completion ahead of this deadline so that our client’s business will benefit from the most profitable time of the year.

Call our expert solicitors today

At HK Law, we are proud to offer a broad range of services, and our experienced solicitors are able to work together across departments in order to provide the best possible service for our clients.

Our Commercial Property Solicitors and Corporate Commercial Solicitors are able to advise on all aspects of the acquisitions and sales of commercial property and commercial businesses.

For further information regarding commercial property, please contact Fiona Knight or Scott Harrison on 01202 725400 or by email at f.knight@hklaw.uk or s.harrison@hklaw.uk.

For further information regarding corporate commercial matters, please contact Caroline Carretta or Liam Voysey on 01305 251007 or by email at cc@hklaw.uk or l.voysey@hklaw.uk.

HK Law has offices in Poole, Parkstone, Southbourne, Wareham, Blandford, Swanage, Crewkerne and Dorchester.

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