A leading Midlands law firm has bolstered its commercial property team with a senior appointment to meet increasing demand.
Anna Power has joined Leamington-based Wright Hassall as a Senior Associate in the firm’s Real Estate Group, which now has 45 lawyers within the Commercial Real Estate, Development and Securitisation, Construction, Planning, Rural Estates and Residential teams.
She arrives with more than ten years of commercial property experience, including acting for real estate investors, owner occupiers and developers.
Anna will be responsible for supporting the expansion of the firm’s commercial property arm, as well as mentoring younger members of the team.
Her arrival comes at a time when there is increasing activity in the real estate sector.
Anna said: “I’m really excited to be joining Wright Hassall at this time, as it’s a fantastic firm with a great reputation and an impressive client base.
“The real estate sector has remained resilient throughout the pandemic, and is set for another busy period of activity.
“The retail and leisure sectors have been the hardest hit by the pandemic, with almost half of businesses looking to renegotiate lease terms, whilst landlords’ options to recover unpaid rent are curtailed by the Coronavirus Act.
“However, investment volumes have continued to rise month on month since the end of Q2, as property yields have started to stabilise.
“The warehousing and logistics sectors have performed well, accelerated by the demand for online shopping. There are also significant changes coming in the planning system, with revised Use Classes, additional permitted development rights and the planning white paper published in August, which will hopefully open up opportunities for developers.
“Commercial property is a key part of the UK’s economy, and I’m looking forward to helping clients navigate the recovery and embark on new opportunities.
“The Wright Hassall team have been incredibly welcoming, and I can’t wait to meet them all in person.”
Andrew Jones, Head of Commercial Real Estate at Wright Hassall, added: “Anna’s arrival at Wright Hassall is a coup for us, her in-depth experience and range of industry contacts, will be instrumental in helping us to expand the Commercial Real Estate team and provide the best service for our clients.”