Winckworth Sherwood advised Catalyst on taking a long leasehold interest of a care home site from the local authority. The site was then regenerated, providing supported, extra care and shared ownership accommodation for older people.
Working with both the Local Authority (as landlord, planning authority and as nominating body) and the third party managing agent, it was important to cater for the desires and requirements of those bodies as well as the end users: both the purchasers of the shared ownership units, and the intended occupiers of the extra care units.
Cross-matching of rights and obligations in occupancy rights and management practice was key; also drafting to effect differing timings of sales of shared ownership sales units as against the remainder of the accommodation and common parts was paramount.
We are also advising Catalyst on a number of other local authority led care and support schemes, particularly outside London. Working to balance the practical, economic and commercial demands alongside those of the often protectionist local authority requires significant consideration of end users, end products and the wider benefits of contracts of this nature.
Client Name: Catalyst Housing Limited
Client Sector: Housing
Project Progress: Completed