Addleshaw Goddard and Nabarro Nathanson have bagged the lead roles for Peel Holdings and British Waterways on a new £400m regeneration project in Gloucester.

Addleshaws advised UK property development company Peel after winning an informal tender process that included bids from several other UK firms. The national firm has worked with Peel for more than 15 years.

The deal sees Peel form a joint vehicle with British Waterways, the public body responsible for overseeing the UK's canals and rivers, to spearhead the redevelopment of a 60-acre brownfield site, dubbed Gloucester Quays.

Addleshaws fielded a team from its offices in the north of England, with construction partner Richard Cockram leading alongside senior construction associate James Reynolds, associates Simon Smith and Shaun Hill and legal executive Caroline Woodhouse.

The mandate is the latest in a series of similar roles for Addleshaws, which is also advising on a number of regeneration schemes across the UK, including projects in Brighton, Leeds and Bristol.

Cockram commented: "This is a tremendously exciting scheme which will bring about real benefits for Gloucester and its surround-ing area."

Nabarros is acting for British Waterways, with London real estate partner Martin Grabiner in the lead role.

The high-profile project will breathe new life into an 18th-century docklands district to the west of the city and will include 150,000 sq m of mixed-use buildings for new homes, retail and leisure space.

Work at the site, which is flanked by a canal, is likely to begin at the end of 2007.