Trowers & Hamlins has landed a lead role advising on a £125m regeneration project in east
London.
The UK firm is acting for regular client the London Borough of Newham on its joint venture with developers Countryside Properties and the William Sutton Housing Association to deliver a major redevelopment programme in Canning Town.
The programme is the first of 10 schemes worth a total of £1bn already earmarked for the area, which is situated just three miles from the City.
The latest deal, which closed earlier this month, means 700 new homes in the private and social housing sectors will be created, as well as a new school and additional community facilities.
London-based projects and public sector partner Paul McDermott led the team for Trowers, supported by housing and regeneration partner Christopher Munday and assistant Victoria Early.
Elsewhere, London firm Campbell Hooper advised Countryside, with construction partner Duncan Salmon and real estate partner Helen Meyler taking the lead roles. Westminster-based Winckworth Sherwood acted for the housing association, with social housing partner Keith Jenkins heading the team.
The deal is the latest in a string of appointments for Trowers on regeneration projects across the UK, including advising Newham on another public finance initiative to redevelop 1,200 homes in the area.
Other recent mandates include acting for the London Borough of Barnet on a brace of regeneration projects worth more than £1bn and advising Birmingham City Council on a £10bn ‘Masterplan’ project for the city centre.
The Canning Town project is part of the wider Thames Gateway scheme — Europe’s biggest regeneration project designed to redevelop an area stretching 40 miles east of London ahead of the 2012 Olympic Games.
