LAWFUEL – UK Law – Linklaters has advised the Eastside Partnership on the sale to Development Securities and Grainger Trust of the ten acre Curzon Park site in Birmingham for £33.5m.
The site, a former Parcelforce depot, is in the centre of the city’s £6bn Eastside regeneration zone. Plans have been drawn up for a 1.4 million sq ft mixed use development, with a gross development value of over £350m which will comprise around 800,000 sq ft of Grade A offices, 400,000 sq ft of residential, a 180-bedroom hotel and 30,000 sq ft of retail.
Eastside has been working on development plans for the site for some years. The sale is the culmination of work by the Linklaters team over more than six years involving development plans and the acquisition of various interests in the site, including Parcelforce’s leasehold interest which it acquired earlier this year.
Real estate partner Christopher Coombe led the Linklaters team which advised Eastside. He was assisted by Sam Grutchfield and Alex Watt on real estate matters and Emma Bennett on planning.
Eastside Partnership is the development company owned by Peter Stratton, Peter Beckwith and Michael Stotesbury.