Redevelopment

Redevelopment

Redevelopment

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Overview

Our multi-disciplinary team of lawyers concentrate on the lifecycle of major development and regeneration projects, covering planning and zoning, real estate, construction, corporate vehicles, finance, projects, design, public law and procurement, disputes and tax. Our team has been involved in many of the most high-profile schemes in the UK, US, Asia and the Middle East, and we are recognised by the legal directories as the go-to firm for major commercial development, urban regeneration and mixed use development schemes.  We serve as legal counsel for real estate companies, developers, public sector, funders, insurance companies, contractors, construction managers and design professionals, and therefore have an in-depth understanding of the issues that can arise across the entire lifecycle of a development project.

Commercial Development
Our team have been involved in delivering some of the most complex commercial development schemes in major global cities, including London, Hong Kong SAR and New York. We have helped clients build iconic skyscrapers, entire business districts and mixed use schemes. We bring our insight and experience to each project, helping clients navigate each stage to ensure a timely and successful completion.

Regeneration
As a result of our team’s continual involvement in high profile regeneration projects, we have specialist skills in the areas of public/private partnerships, controls on state aid/subsidies and grant schemes, procurement issues, compulsory acquisition/appropriation, outsourcing, housing and mixed use schemes across the full range of disciplines.
The extensive experience we have of advising on innovative structures means we ensure delivery of successful regeneration schemes. We advise on many complex regeneration joint ventures and have been involved in some of the most innovative public/private partnerships of the last decade.

Andrew E. Auerbach

Partner and Regional Leader - Global Real Estate, New York

+1 212 541 1232

Ian Waring

Partner, Dubai

+44 20 3400 4343
+44 (0) 20 3400 4845

Andrew E. Auerbach

Partner and Regional Leader - Global Real Estate, New York

+1 212 541 1232

Ian Waring

Partner, Dubai

+44 20 3400 4343
+44 (0) 20 3400 4845

Meet The Team

Andrew E. Auerbach

Partner and Regional Leader - Global Real Estate, New York

+1 212 541 1232

Ian Waring

Partner, Dubai

+44 20 3400 4343
+44 (0) 20 3400 4845

Experience

Commercial Development

DEVELOPMENT OF LONDON SKYSCRAPER 20 FENCHURCH STREET
Location: London, UK
We advised on the full life-cycle of the development of 20 Fenchurch Street, from establishing the initial JV, planning, construction, re-financing, leasing, asset management and ultimate sale. The sale to Hong Kong-based LKK Health Products Group Limited for £1.28bn is the largest single asset property deal ever in the UK.

Regeneration

QUEEN ELIZABETH OLYMPIC PARK – LONDON 2012 AND BEYOND
Location: London, UK
We advised the Olympic Delivery Authority on the delivery of the London 2012 Olympics and legacy regeneration including securing the largest ever UK planning consent for the Park, and delivery and disposal of the Olympic Village and legacy infrastructure and utilities. Since the Games we have continued to be involved in the largest regeneration transactions on the Queen Elizabeth Olympic Park, including the financing by Homes England of major ongoing Build to Rent developments such as that by Get Living.

1.8M SQ FT OF REGENERATION IN THE CENTRE OF BIRMINGHAM
Location: Birmingham, UK
We advise Hermes on the Paradise Circus regeneration scheme in the centre of Birmingham. The project will include 1.8m sq ft of offices, shops, leisure, cultural and civic amenities together with a new hotel in up to ten new buildings with the first buildings due to complete in 2019.

£2BN REGENERATION OF KING’S CROSS, LONDON
Location: London, UK
Advising King's Cross Central Limited Partnership and Argent in connection with the £2bn redevelopment of King's Cross. The redevelopment is one of the largest urban regeneration schemes in Europe and includes 50 new buildings, 2,000 new homes, 20 new streets, 10 new public squares, a district heating system and over 67 acres for 45,000 people who live, work and study in the area. We have advised on real estate (including estate and lease structuring), debt financing, corporate/funds aspects, pre-lets and leasing.

WEMBLEY PARK’S £3BN REGENERATION
Location: London, UK
We have advised Quintain on the development of their large mixed use development at Wembley for many years, advising on joint ventures, acquisitions, disposals, property finance, infrastructure and regeneration, corporate aspects and taxation. We are currently advising Quintain subsidiary, Tipi, on the build to rent aspects of the development.

REDEVELOPMENT OF 150 ACRE SITE AT GREENWICH PENINSULA
Location: London, UK
We advised Quintain on the acquisition of Lend Lease’s interests in the Greenwich Peninsula JV and the establishment of a new JV with Knight Dragon Limited, including the provision of up to £300m of funding, to redevelop the 150 acre site surrounding the O2 arena at Greenwich Peninsula, and on the subsequent sell down of the remaining interest to Knight Dragon. We originally advised the Government on all aspects of the regeneration of Greenwich Peninsula, including development and subsequent sale of the O2 and the development of the Millennium Village.

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