Eversheds edges out rivals to land £450m Croydon regeneration deal
Eversheds has won a substantial regeneration mandate with the UK giant landing an eye-catching role to advise the London Borough of Croydon on a £450m public-private partnership (PPP) in the region.
June 20, 2007 at 11:58 PM
2 minute read
Eversheds has won a substantial regeneration mandate with the UK giant landing an eye-catching role to advise the London Borough of Croydon on a £450m public-private partnership (PPP) in the region.
The top 10 UK firm bagged the mandate after winning out in a competitive tender process earlier this year that is understood to have included rival bids from Pinsent Masons and Dickinson Dees.
Wragge & Co has also historically advised Croydon on much of its property work.
The project will see the regeneration of several sites across the central Croydon area and includes the provision of new residential and commercial space, as well as council office space. The council is currently holding a beauty parade for developers on the scheme, which is due to begin next year.
Manchester-based commercial partner Kuljeet Hothi and Newcastle-based commercial partner Ruth Connorton led the pitch team for Eversheds alongside partner Stephen Sorrell, who heads up the firm's real estate development practice.
The latest instruction underlines Eversheds' credentials in the regeneration sector, with the firm previously advising on a slew of similar agreements for One NorthEast, Advantage West Midlands and the Northwest Development Agency.
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