Bond Dickinson has advised Newcastle City Council on the completion of a multi-million pound deal with Newcastle University and Legal and General Capital, the principal investment arm of the Legal and General Group.
Earlier this year Legal and General announced plans to support the £350 million Newcastle Science Central, one of the biggest urban regeneration projects of its kind in the UK.
Legal and General’s initial £65million investment will fund the completion of two buildings on premium plots 1 and 2 offering over 200,000 sq ft of Grade A office space, creating 2,000 jobs and boosting economic growth. The investment will also help unlock the potential of further investment in commercial and residential plots.
Bond Dickinson advised Newcastle City Council on the deal with a team led by partner Kevin Robertson.
Involved fees earner: Kevin Robertson – Bond Dickinson;
Law Firms: Bond Dickinson;
Clients: Newcastle City Council;