The acquisition is the third and largest made by Gateley since the group’s admission to the AIM in June 2015.
GCL specialises in legal advice for residential developments and works with some of the UK’s leading housebuilders as well as promoters and landowners.
The firm also works with overseas private investors buying new-build residential properties in the UK, primarily in and around London.
GCL will now trade as Gateley PLC from its existing offices in Guildford, Surrey, and the team – comprising 79 employees, including six partners – will integrate into Gateley’s existing residential development team.
Gateley said that the acquisition would enhance its offering in London and add further strength to its real estate advisory services offering, which provides specialist, complementary services to its property clients.
With the addition of GCL, Gateley’s plot sales team will advise on around £2.5bn worth of plot sales annually.
“I am delighted to welcome GCL to our residential development team,” said Callum Nuttall, partner at Gateley PLC.
“The acquisition further strengthens our position in the sector nationally and provides us with a substantial presence in the southern market, which we see as critical in developing that full service offering for our clients.”
Tony Inkin, managing partner at GCL, said it was excited to be joining Gateley, which had a strong reputation in the residential development and wider property sector.
“We have a great opportunity with our combined areas of expertise to build an unrivalled offering for clients in the South of the UK and to strengthen further the private property investment part of our business.
“We are looking forward to integrating with the team and also benefiting from being part of a wider professional services group that will open up many new opportunities for our existing team and clients.”
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