Trowers & Hamlins has advised Poplar HARCA on the deal.
Poplar HARCA selected and appointed Hill as joint venture partner on the delivery of the Teviot Estate regeneration in Tower Hamlets, which could include more than 2,500 new homes, new green and play spaces, shops, community and faith facilities, and improved infrastructure.
By developing collaborative relationships with Teviot residents and businesses, the Joint Venture will deliver a comprehensive and inspiring social value package for the community over the lifetime of the development, including employment and training opportunities, enhancing of community facilities and contributing to existing services. There will also be extensive infrastructure investment to better connect the Teviot Estate to surrounding areas and transport hubs.
The vision is to create a safer and more inclusive community and with this in mind, the joint venture will create a Community Chest Fund to give local organisations the opportunity to bid for funding, unlocking socio-economic value.
Trowers partner Amy Shaw (Picture), led on the deal.
Involved fees earner: Amy Shaw – Trowers & Hamlins;
Law Firms: Trowers & Hamlins;
Clients: Poplar HARCA;