Waverstone LLP acquired a Portfolio Sale of Apartments of McCarthy & Stone plc (LSE:MCS) for £35 million on April 30, 2020. Under the terms of the transaction, Waverstone will pay £13 million and cash upon completion and the remaining £22 million balance expected to be paid over the next three years. The transaction is expected to generate a net profit of £3 million over a three-year period. Waverstone LLP appointed McCarthy & Stone Management Services Limited as a sales and managing agent. Waverstone LLP completed the acquisition of a Portfolio Sale of Apartments of McCarthy & Stone plc (LSE:MCS) on April 30, 2020.