DAC Beachcroft Advises Crest Nicholson on Major New Project in Central London
Published 2 April 2015
International law firm DAC Beachcroft has advised Crest Nicholson on its acquisition of Valentine Place between London Bridge and Waterloo stations, soon to be the site of a £80million mixed-use development.
DAC Beachcroft's specialist London Housebuilding team acted for Crest, one of the UK's premier housebuilders. The firm is already a panel adviser for the client.
The deal, which exchanged on 17 July 2014 and subsequently completed on 13 February 2015, has planning consent and will allow the construction of 62 new homes and provision for 30,000 sq ft of commercial space. Demolition work began recently at the site in the London Borough of Southwark, which sits within the Valentine Place Conservation Area and contains several Victorian warehouse conversions. The project is due to be completed by November 2016.
Gemma Leonard, Associate, led for DAC Beachcroft with support on construction issues from partner, Nick Taylor. Partner and Head of Planning, Anita Rivera, is advising on planning matters with assistance from associate, Andrew Morgan.
Commenting on the project, Gemma Leonard said: "We are always pleased to work with Crest Nicholson and particularly on major projects like this, which will undoubtedly generate long-term benefits for people and businesses in Southwark and beyond."
Joelson Wilson acted for the vendor on the deal.