Fladgate LLP has advised London residential developer Strawberry Star on the acquisition of a 6.9 acre development site in Luton.
The site has the benefit of planning permission for a mixed-use scheme, including 685 new homes together with a 200-bedroom hotel, retail and leisure facilities, a medical and wellness centre and public realm improvements.
The scheme forms part of a wider development site close to Luton Airport and has a gross development value of £260m.
The transaction was led by real estate partner Nick Mumby (picture), assisted by real estate senior associate Rebecca Tavares, planning associate Miles Crawford and construction associate Sasha Pirbhai.
Law Firms: Fladgate LLP;
Clients: Strawberry Star;