Eversheds advises on development of UK's first healthcare mall project
Eversheds has won a role advising new client Grangefield Estates on the development of the first 'healthcare' mall in the UK. The top 10 UK law firm is advising the Dublin-based developer on a £750m regeneration project to create the first multi-purpose healthcare complex - 'Chancellor Place' - fielding a team led by development and regeneration partner Peter Winnard.Eversheds successfully pitched against regional rivals Halliwells, Brabners Chaffe Street and Hill Dickinson for the work last year, after being introduced by long-term client, local urban regeneration company New East Manchester.
November 12, 2008 at 11:49 PM
2 minute read
Eversheds has won a role advising new client Grangefield Estates on the development of the first 'healthcare' mall in the UK.
The top 10 UK law firm is advising the Dublin-based developer on a £750m regeneration project to create the first multi-purpose healthcare complex – 'Chancellor Place' – fielding a team led by development and regeneration partner Peter Winnard.
Eversheds successfully pitched against regional rivals Halliwells, Brabners Chaffe Street and Hill Dickinson for the work last year, after being introduced by long-term client, local urban regeneration company New East Manchester.
Grangefield is working in partnership with Manchester City Council and New East Manchester on the Manchester-based project, which was given planning consent last month.
Eversheds has secured a role on the project for up to 15 years, with a number of funds currently vying to become development partners with Grangefield for the next stage of the scheme.
The four million sq ft mixed-use development will cover a 38-acre site and will include 2,000 new homes, one million sq ft of office space, two hotels, retail leisure facilities and a 300,000 sq ft 'health city', which will contain sports and rehabilitation facilities for both private and NHS patients.
Winnard commented: "Given its scale and ambition, this is a hugely important development for the region, particularly in the current market. It is the first development of its type in the UK and has created a huge amount of interest in the property and health sectors. Obtaining planning is a huge step towards delivering the project."
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