Hyde Sovereign Swap
Faithorn Farrell Timms was appointed by The Hyde Group to provide a full range of project management, agency and professional valuation services on a swap of 1400 homes with Sovereign Housing Association in Hampshire.
Over the course of 12 months, we supported them through the initial tender process, successfully securing the opportunity, carrying out due diligence on both portfolios, stock condition validation, assisting commercial negotiations and managing the flow of information between project teams and professional advisors.
The transaction was one of the largest of its type in England, and made a significant contribution to The Hyde Group achieving its strategic stock rationalisation objectives of ‘shape shifting’ and concentrating its areas of operation whilst maintaining or growing revenues.
stuartmay@effefftee.co.uk
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