Maxwell Batley acts on Hermes acquisition

Maxwell Batley has advised investment manager Hermes on the sale of Thatcham Business Village, Berkshire, to property investment group Good Harvest.
The relationship goes back to Hermes' previous incarnation as Postel, the in-house manager of the UK's unified Post Office pension plan and manager for the BT pension fund after its privatisation in 1983. It changed from Postel to Hermes in 1995, reaching its present format after the BT fund bought out the Post Office fund's 50 per cent share in the company. Hermes has remained a major client for Maxwell Batley since that time.
Partner Richard Fidler led the team. “This is part of Hermes changing its portfolio; it's held this property since the late 1980s,” he said.
Nabarro Nathanson's Peter Birkett advised Good Harvest on the £8.025m acquisition.