Pictured: Sarah Baugh
The lawyer behind the £5m sale of Shropshire farming
business Havenhills and Brockton Farms has said the deal
'magnifies' the county's farming credentials.
Rural affairs specialist Sarah Baugh, the central legal figure
behind one of Shropshire's largest commercial land sales, believes
the deal on the 613-acre farm will put Shropshire's widely-admired
agricultural pedigree firmly in the spotlight.
Ms Baugh, partner and head of the agriculture and rural affairs
division at Telford-based MFG Solicitors said: "The deal to
complete the sale of Havenhills and Brockton Farms was extremely
complex but we are delighted it has been successfully
concluded.
"There was wide interest in the sale due to the sheer scale of
the land involved. It's clear that local and national focus has
played its part in magnifying awareness into the quality of
Shropshire's farmland, its infrastructure and vitally, its produce.
It's a spotlight I think all county landowners will welcome."
Commenting on the detailed sale Ms Baugh continued: "I think
many people will admit they were sceptical of a sale being made
within a corporate structure as opposed to a standard land deal.
There's no doubt it was an intricate deal but both the seller and
the new owner are delighted the obstacles have been overcome and
the deal is finalised.
"Hundreds of farming enterprises across the UK are now trading
within the lesser-known corporate business model as opposed to the
traditional partnership approach. It's clear many will now
recognise this deal points towards a style of sale the farming
sector must embrace further whilst being mindful to take
specialist, professional advice."
Respecting the details of the sale, Ms Baugh did not reveal the
identity of the new owner or the exact sale value, but added: "The
£5m guide price on the business was surpassed quite
significantly."
For more information about MFG Solicitors, please visit their
website here: www.mfgsolicitors.com