Gowling WLG advised Warwickshire CCC on the deal.
The development will comprise two linked elements: the first being the public realm works outside the stadium which will include the creation of a new entrance plaza and car parking facilities for the Club.
The second being the development of ‘The Edgbaston Residences’ complex, which will comprise of 375 high quality residential apartments and new retail and leisure opportunities. The complex has been years in the making, with The Club having originally exchanged contracts for the sale of the land for this development with PATRIZIA AG in July 2017.
The complex transaction involved co-ordinating the joint land sale by the Club and Homes England to PATRIZIA AG with the funding for its development and Patrizia and the Club each exchanging building contracts for their respective parts of the combined development. The parties all worked together to meet their challenging timetable of completion before Christmas so that the contractor, Winvic, could start work on site in the first week of January.
The Gowling WLG team comprised of Robert Caddick (Picture), Nisha Jassal and Sneha Patel advising on real estate aspects and Ian Sheppard advising on construction aspects.
Law Firms: Gowling WLG;
Clients: Warwickshire CCC;