Winckworth Sherwood at the heart of £800m Purfleet regeneration
Mon 07 Mar 2016
Law firm Winckworth Sherwood is advising L&Q and Purfleet Centre Regeneration Ltd on the £800m regeneration of Purfleet on the Thames Estuary in Thurrock.
The regeneration will see the development of some 2,500 new homes, a state-of-the-art film, media and television studio complex, a new town centre featuring a primary school, shops, leisure and community facilities, together with a remodelled railway station.
Winckworth Sherwood has advised L&Q on its £27m investment in the first phase of the regeneration, and L&Q and Purfleet Centre Regeneration Ltd on the property interests on the development and on the corporate structures used by the consortium.
The Winckworth Sherwood team was led by Partner and Head of Corporate Richard Tinham. Banking advice was provided by finance Partner Louise Leaver, property advice from partners Roger Fitton and Christopher Brigstocke, construction support from Partner Eleanor Kilminster, and tax advice from Partner Robin Dabydeen.
Jerome Geoghegan, Group Director of Development and Sales at L&Q, said: “This is an exciting opportunity to be part of a major brownfield regeneration project that will create thousands of new homes accessible to a range of buyers and renters. This project will create major long-term social and economic benefits for the area.”
Richard said: “This is a major regeneration of an important part of Thames Estuary. We are delighted to be part of the team that enables the regeneration to get off on a sound start. Winckworth Sherwood has the strength and expertise to advise developers on all aspects of large scale schemes. In the past 12-months we have advised our clients on over a dozen joint venture development schemes, with total GDVs in excess of £2 billion.”
Work on the regeneration of Purfleet is expect to begin in summer 2017.
Eversheds acted for Thurrock Borough Council, with Bird and Bird and Mayer Brown acting for Purfleet Centre Regeneration Ltd consortium members.