Birketts advises the Gooderham family on the sale of Snape Maltings
The multi-award winning corporate team at Birketts has advised Snape Maltings, one of the world’s top concert destinations, on the sale of its business to the Aldeburgh Music Endowment Fund.
The financial value of the acquisition was not disclosed. However, Aldeburgh Music has received a £2m Arts Council grant to purchase the Victorian site which has been in the hands of the Gooderham family since 1965.
The corporate transaction, led by Nick Burt, represents a successful exit for the family having taken the Victorian buildings on site from abandonment to thriving redeveloped site with music, retail, pub and residential buildings. Assistance on the deal was provided on a range of legal services – corporate, property litigation and employment - by Adam Murphy, Deborah Marshall, Natalie Biggs, Charlotte Wormstone, Nick Pickersgill and Katie Harris-Wright.
Johnny Gooderham, son of George Gooderham who originally purchased the site commented: “Birketts has provided legal advice to my family for many years. Throughout that time we have received exceptional levels of service and advice across a range of services.”
Nick Burt, senior associate in the corporate team who led the Birketts team on the sale, said: “Birketts has acted for the family for a number of years advising on the redevelopment and sales of residential units on this unique site.”
Nick continued: “This was a complex and high value transaction, with a challenging timetable. It required resource from a number of teams across the firm to complete the sale to a natural successor custodian of the site.”
Birketts was recently recognised as ‘corporate and commercial regional firm of the year’ at The Legal 500 UK Awards and ‘corporate law firm of the year’ at last year’s Dealmakers Awards.