Head of Development, Partner
Chimi is a partner and Head of Development within Capsticks based in London. Chimi specialises in property development, regeneration and mixed use developments for public and private sector housing. Chimi provides advice and guidance on land acquisition, site assembly, low cost home ownership, stock transfer issues, onward disposals and VAT and SDLT relating to RP property transactions.
Chimi is a regular speaker on development and related property transactions at the national events organised by the CIH, Nat Fed and the Housing Forum.
Chimi is ranked in Chambers and Partners as a Notable Practitioner and has a particular focus on Development and stock rationalisation. Clients comment: "He is particularly good at advising us on other potential issues which may affect us."
Acted on behalf of a Registered Provider in the acquisition and development of a scheme to construct over 500 units with the value of the over £119 million. The scheme was under contract within 6 weeks of the initial all parties meeting and was structured to allow the parties to have flexibility in the delivery of an increase or decrease of the number of units.
Acted for a South West based Registered Provider in setting up a Joint Venture with Galliford Try comprising a mixed use development of both affordable and open market units. Chimi lead a team of property, tax and corporate lawyers with the structure providing flexibility to allow the parties to put new projects in the JV without need of new structures. Since the inception the parties have used the structure to slot in various other projects. The value of the transaction over £74,000,000.00
Acted for a G15 RP on the purchase of a scheme of over 220 units from a leading house builder with value of transaction exceeding £33,000,000.00. Work involved, due diligence, planning, construction and VAT sheltering.
Lead a team of lawyers on the acquisition of 150 units for a large Registered Provider in the south of England from a major house builder with the value of the transaction exceeding £14,000,000.00. Work involved due diligence, planning, construction and VAT sheltering
Lead a team on the acquisition of 300 residential units for a home counties Registered Provider from BDW Limited with the value of the Transaction £13,700,000.00. Work involved planning, construction, property and VAT sheltering
Lead a team on a purchase of land with lease back, option back, agreement for leases, construction documents and provide VAT and SDLT advice, value of transaction £105,000,000.00
Provided corporate support on the set up of a Joint Venture vehicle that was set up for the purpose of constructing a new town in the East of England, 8 thousand residential units, associated commercial and completed with schools and a train station, value of the transaction in excess of £1,200,000,000.00