Pinsent Masons advises Manchester City Council on £1bn Northern Gateway deal
International law firm Pinsent Masons has advised Manchester City Council on the £1bn Northern Gateway investment deal with Far East Consortium International (FEC).
The investment area extends north from Victoria Station and includes NOMA, the Lower Irk Valley, New Cross and Collyhurst, covering 300 acres. It has the potential to deliver around 10,000 homes over the next 10-15 years.
The Pinsents team was led by Scot Morrison and Helen Robinson, with CMS Nabarro partners Mark Haywood, Monica Brij and Howard Gill acting for FEC. The lawyers worked in close collaboration to get the deal done in less than four months.
The transaction is one of the largest urban regeneration projects in the UK and is the most ambitious housing-led scheme ever undertaken in Manchester. The project will result in transformational regeneration across the north of the City.
Helen Robinson, Senior Associate, commented: "This is our first significant project for Manchester City Council, and we are very proud to have delivered one of their highest profile deals particularly against a challenging timescale. It has been a pleasure working with the City, FEC and CMS Nabarro – setting the tone for a long and successful partnership."