TLT team gets result for London council on major mixed-use development near football club

March 6, 2019
By

A ‘significant and complex’ lease disposal agreement to kick-start a major development opposite a London football ground has been supported by Bristol-headquartered national law firm TLT.

A multi-disciplined team of real estate experts from the firm worked with Waltham Forest Council in East London on the agreement to dispose of a lease to developer Taylor Wimpey. 

The £41.5m deal is on part of the mixed-use Score Centre, pictured, opposite Leyton Orient’s Brisbane Road ground, as part of the council’s plans to regenerate the site.

The outline for the new neighbourhood includes more than 715 new homes, shops, a cafe, a health hub, a new civic square and a new leisure centre with five indoor courts, community rooms and a nursery.

In what the firm described as a ‘significant and complex’ transaction, the TLT team advised on a range of legal issues and risk management – from procurement at the start of the transaction through planning, tax, construction and obtaining vacant possession from present occupiers to exchanging contracts.

TLT will now continue to advise the council on its ongoing relationship with Taylor Wimpey. 

The work was led by TLT partner and head of social housing Linda Convery, pictured, and associate Shazia Bashir, alongside partner Kane Kirkbride (property litigation), legal directors Mark Braude (tax) and Fergus Charlton (planning) and solicitor Andrew Russell (projects, infrastructure and construction). 

Waltham Forest Council programme director Tony Comer said: “The Score Centre is a key regeneration scheme for the borough and partnering with Taylor Wimpey over the next seven years is a significant step towards achieving our housing and community regeneration plans.

“TLT catered for our every need and managed all aspects of this complex transaction. The team worked really well together and took a really practical approach to keeping things moving forward. We are delighted with their work and the outcomes we have achieved.”

Linda Convery added: “It is great to see development sites such as the Score Centre making real progress and we are delighted to have assisted Waltham Forest Council with its latest development plans. The site will make a significant positive impact locally, including for the people who live and work there.”

 

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