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Deal Date: 06-02-2020 Practice Area: Real Estate
Deal Title: Legal & General Regeneration Investment in Sunderland Industry: Real Estate Investment & Services
Macfarlanes advised Legal and General on its GBP100m riverside investment for the regeneration of the former Vaux Brewery site. The investment funded the development of up to 300,000 sq ft of Grade A office space including the new Sunderland City Hall. Under the terms of the deal, Legal and General would build three new office buildings on the site of the former Vaux Brewery, which would form the centrepiece of the wider mixed-use Riverside Sunderland development.
Financial Center: London Value: 100.01-500.00
Advised Party: Development Investors Law Firm
Development Jurisdiction United Kingdom Developer Jurisdiction United Kingdom
Classification: Real Estate Development Mixed-Use
Lawyer Dominic Cunliffe