Telford Homes’ Joint Venture With SGN

Memery Crystal advised Telford Homes on their joint venture with SGN.

The joint venture is for the acquisition and development of Rotherhithe Gas Works, SE16. The partners will develop four residential buildings, with a mix of build-to-rent (BTR) and affordable housing.

Telford Homes was selected as joint venture partner on the 2.4 acre site via a competitive tender process that commenced in April 2019. Located in the heart of the vibrant Rotherhithe area, the site is just 500m from London Underground Jubilee line services at Canada Water, and 200m from London Overground services from Rotherhithe Station, providing easy access to Canary Wharf, The West End and Shoreditch. The site has been acquired subject to achieving a satisfactory planning consent. The scheme has been identified with capacity to deliver at least 4,000 new homes and more than 2,000 jobs.

The Memery Crystal team on this deal was led by our Head of Construction Joanne Kelly (Picture), and included Head of Corporate Nick Alfillé, Director Krishen Patel, Senior Associate Craig Jones, Associate James Ashwin and Planning Consultant Claire Saffer.

Involved fees earner: Nick Alfille – Memery Crystal; James Ashwin – Memery Crystal; Craig Jones – Memery Crystal; Joanne Kelly – Memery Crystal; Krishen Patel – Memery Crystal;

Law Firms: Memery Crystal;

Clients: Telford Homes Plc ;