Mixed Use Developments
The team has significant experience of complex, high-value mixed use schemes, from the site acquisition, planning, site set-up, development financing and construction, through to the disposals of the residential units and the commercial space. The correct legal structure to accommodate early marketing of the new homes, whilst retaining flexibility for the design, letting and disposal of the economic interests in the commercial parts, is essential.
We have delivered these structures at short notice in order to accommodate foreign exhibition deadlines.
Recent experience
Advising on a legal structure for the development and disposal of a £200m mixed-use scheme on a site in Finsbury Park, London. We were one of three central London law firms working closely with the developer’s in-house legal department to create a legal structure to accommodate this major regeneration scheme. The development included a new London Underground ticket hall, restaurants, offices, social housing and 308 residential apartments in two tower blocks and one low-rise block. We dealt with the sales of the residential units which were launched in three foreign exhibitions in Hong Kong, Singapore and Kuala Lumpur.
Acting for European Land on the sale of 159 luxury residential apartments currently under construction at 3 Merchant Square, Paddington in London. This has included the legal title set-up and disposals by way of overseas road shows in Hong Kong, Kuala Lumpur and Singapore. We are also retained on the commercial lettings at Merchant Square comprising retail, restaurants and social infrastructure. The 20 storey building will contain 159 private apartments, 41 affordable apartments, 90 basement car parking spaces, approximately 900sqm of retail at ground floor and a 500sqm nursery at first floor.
Members of the team have also acted on some of the largest central London mixed use schemes including unit sales and also the letting and disposal of significant commercial interests in mixed use schemes. The team is used to working closely with clients’ agents, managing agents, architects and project managers.
