4th February 2020
Specialist lawyers at Walker Morris have advised Wilton Developments Limited on their acquisition of Clugston Estates Limited’s 50% share in their Barmston Developments Limited joint venture. Consequently, Wilton Developments now has 100% ownership of Barmston Developments.
Speaking on the acquisition, Jason Stowe, Managing Director of Wilton Developments said:
“Buying in the other 50% of our JV was the natural decision to preserve what has been a very successful JV. The projects that we have on-site and in the pipeline are broadly in line with the model of Wilton Developments and we are delighted to be able to continue these through to completion. Wilton is celebrating 15 years of developing and investing in the North of England, we remain privately owned and well-funded and this decision to acquire full control of Barmston is indicative of our intent to be here for the long term. It is very much business as usual for these projects.”