Our client sought to acquire an adjacent farm to their existing holdings, as this should enable them to convert the newly acquired farm to house their rapidly expanding businesses, with the additional land helping to increase the economy of scale of their business.
Post the acquisition, our client enhanced the value of the properties and the land values. Within the first year, 50 acres of scrub was transmuted into good pasture and they are now seeking planning permission for residential units at the site of a dilapidated farm building on the new land.
Our client is continuing to look for opportunities to further increase the farm through additional acquisitions.