LAWFUEL – Press Release Service – Corporate and commercial law firm SJ Berwin LLP’s real estate department has advised PAGL Ltd, a property development business whose investment consortium is led by the CPC Group, on its successful bid to buy one of the largest ever West End blocks to have come onto the property market. The site in North Soho currently houses the former Middlesex Hospital and covers a total of 3 acres in the Borough of the City of Westminster.
The site has been purchased with a view to developing CPC’s first ever mixed use development, a £1 billion mixed-use scheme of more than 1 m sq ft , in an exciting and viable development, in line with the City of Westminster’s planning brief and attune to the local environment and surrounding areas. Ken Shuttleworth, formerly of Foster and Partners, and founder of Make, a studio of highly creative and innovative architects and designers, has been commissioned to prepare a master plan for the location.
SJ Berwin client Candy & Candy, the award winning global interior design company, has been appointed as development manager and interior designer for the scheme.
The SJ Berwin team was led by head of real estate and partner Bryan Pickup working with real estate partner Pat Jones, corporate partner Laura O Neill and banking associate Chris Dirckze. Chris de Pury and Iain Carruthers of Herbert Smith advised the vendors.
Kaupthing Bank’s subsidiary Singer & Friedlander provided debt financing for the transaction and was advised by Mark Chidley of DLA and Gavin Brown and Dermot Rice of Slaughter and May.
