Lawyers help Texas real estate company scoop up Bromsgrove-based developers
US-based Hillwood Investment Properties is expanding further into the UK market by integrating the team and project portfolio of Trebor Developments for an undisclosed sum, with Trebor being advised by law firm Shakespeare Martineau.
As market leaders in sustainable industrial development, Bromsgrove-based Trebor Developments will boost Hillwood’s operational capabilities in the UK, drawing on Trebor’s established expertise and robust pipeline of future projects.
The deal, which forms part of the real estate company’s ambitious growth strategy, follows an historic partnership between the two brands, which have jointly developed millions of square feet of advanced accommodation across the UK.
Bob Tattrie, managing partner of Trebor, expressed enthusiasm for this next chapter: “I am delighted to have reached this milestone, which serves as a springboard for our expansion in the UK industrial and logistics markets.
“The Trebor team and I are excited to join Hillwood's global operations, leading the pursuit and delivery of quality industrial developments. Our close working relationship over the past six years has set a strong foundation for future opportunities.”
The integration will maximise efficiencies and enhance value to customers and investors, as well as support Hillwood’s growing expertise in sustainable logistics.
Hillwood's chief investment officer Bob Vicente highlighted the strategic alignment: “This step is a natural progression in evolving our partnership with Trebor Developments. Bob Tattrie has cultivated an organisation that shares our values and vision for innovation, sustainability and excellence.
“The integration strengthens our ability to meet the growing customer demand for industrial space and demonstrates our dedication to investors.”
Andrew Smith, corporate partner at law firm Shakespeare Martineau, led the deal, supported by corporate associate Charley McEvoy, employment partner Matt McDonald and real estate partner Kate Hall.
He said: “We were delighted to support this deal between Trebor and Hillwood. Their longstanding collaboration has built a solid foundation for continued success and growth, with both companies sharing a vision for excellence in industrial real estate.
“As a certified B-Corporation, we’re thrilled that the integration will see further sustainable developments in the UK and beyond. It is also great to see international investment in a Midlands brand.”
PKF Smith Cooper provided corporate finance advice to Trebor.
Pictured from left to right: Neal Allcock, James Drew, Greg Dalton, Sarah Chittenden, Bob Tattrie, Mark Wright, Kevin Mallé, James Williams and Glen Cooke, of Trebor Developments.
