08 May 2012 | 03:00 pm | 1 min. read
Myatts Field North, Lambeth, set for major re-development. International law firm Pinsent Masons has closed a deal which will see £80 million ploughed into the regeneration of the Myatts Field North Estate in Lambeth, London.
Under the Myatts Field North Housing PFI project, the London Borough of Lambeth has entered into a 25 year contract with the Regenter Myatts Field North consortium (comprising Pinnacle Regeneration Group Limited and John Laing Investments).
The consortium will be responsible for the development and refurbishment of around 800 residential homes, as well as a community centre and park. A site-wide centralised combined heat and power plant and district heating network will also be developed to serve all of the dwellings on the Myatts Field North Estate, and a number of improvements will be made to sports facilities and transport infrastructure in the area.
Lawyers in the Projects practice at Pinsent Masons advised a club of senior debt providers – comprising Norddeutsche Landesbank Girozentrale, The Co-operative Bank plc and Nationwide Building Society – on funding for the project.
The Pinsent Masons team was led by Kate Orviss and included John Cleland, Stacey Collins, Joanne Toft, Steven Langton, Katherine Moule, Jade Harris, Jennifer Gee, Pippa Whitmore, Rebecca Wilcock, Hollie Kelsie, Karolina Kola and John Bruce.
Kate Orviss, who led the Pinsent Masons team, says:
"It is a great pleasure to have worked so closely with the senior debt providers and the sponsors to get this scheme to close so that the very important work of the regeneration of the Myatts Field North Estate can get under way. I am also extremely proud that this is first major project to reach financial close since the launch of the "new" Pinsent Masons as McGrigors and Pinsent Masons join together in a single, unified firm. Our market-leading experience in housing PFI transactions has been an integral part of this closing this deal, and our enhanced practice will be well-placed to act on similarly complex deals in this and many other sectors in future."
Multinational law firm Pinsent Masons has launched a new working-from home audit tool to help financial services organisations understand the hidden litigation and regulatory risks associated with staff increasingly working from home on a more permanent basis.
Multinational law firm Pinsent Masons is advising Seraphine Group plc, an international digitally-led maternity and nursing wear, on its IPO and premium listing on the main market of the London Stock Exchange.
Multinational law firm Pinsent Masons has today signed a memorandum of understanding (MOU) with Nepal International ADR Center (NIAC), commencing an important collaborative relationship seeking to enhance NIAC’s international arbitration capabilities.
Multinational law firm Pinsent Masons has advised crew transfer vessel owner and operator Farra Marine on Ireland's first next generation wind farm service craft, the Farra Orla.
Multinational law firm Pinsent Masons has won Belt and Road Deal of the Year and Overseas Deal of the Year awards for the firms work on the Red Sea Tourism Mega Project in Saudi Arabia and Mexico City's Subway Line Construction Project respectively.
Multinational law firm Pinsent Masons has advised on the commercial close of four dialysis centres – a pathfinder public private partnership (PPP) implemented in Uzbekistan.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on