Headcount at Fieldfisher’s Manchester real estate team has grown to 32, following a number of high profile transactions.
The rise represents a significant change, with the team boasting just five legal experts in 2013.
James Flynn, real estate partner for engineering, projects & construction in Manchester, says advising more clients on every stage of the life cycle of a property has allowed the team to prosper.
In the past six months, the Fieldfisher Manchester real estate team has acted on the sale of more than 500 residential units for regular clients including Mulbury – on its ongoing Port Street scheme in the Northern Quarter – Property Alliance Group, Renaker, McGoff & Byrne and Vision Investments.
James, 41 and from Chorlton, said: “Fieldfisher has been at the centre of the rapid rise in PRS developments in the region.
“Throughout the past decade many young people have opted to live in Manchester city centre, and there’s no sign of this slowing down going forward.
“As a result, the market is very active with approximately 20,000 units in the planning pipeline for the city centre.
“We have also acted on the development of more than 1,000 hotel rooms in the city centre in the past five years too, in what is also a fertile market.”
Fieldfisher’s Manchester real estate team – part of the 90-staff based at the Freetrade Exchange on Peter Street – has expertise in planning, construction, development, real estate finance, investment and tax, landlord and tenant matters, environment and compulsory purchase, as well as property litigation.
James said Sophie Gabriele will become the 33rd member of the real estate team when she makes the transition from trainee to qualified solicitor in March.
He said: “We are expecting to hire more recruits over the next nine months.
“Our continued approach of adding real value to clients, by maximising the potential of their property and minimising any potential exposure, will be crucial to us achieving this.
“We are confident though, as our responsive, commercial approach allows clients to overcome any challenges and maximise returns from the opportunities in real estate development.”