Geldards reveals leading role on landmark Becketwell Regeneration Scheme
Geldards has revealed its most recent role in the £200m Becketwell regeneration scheme, acting as legal advisor to Derby City Council.
As a firm, we have been providing legal advice to the Council on its regeneration of the Becketwell area for some time, and construction is already underway on Phase One to transform the former Debenhams site with 259 built to rent apartments.
Legal agreements have been completed and demolition has now started on Phase Two which will include the development of a much-needed 3,500 capacity performance venue to be owned by the Council and managed by ASM Global, which will create over 200 new jobs locally.
Our Public Sector team have advised Derby City Council on all legal aspects of the Becketwell regeneration scheme since the Council acquired the former Debenhams site in 2017.
Partner, Tiffany Cloynes, who heads the Public Sector team at Geldards led a team of over 10 lawyers in delivering the multi million pound deal which will regenerate a strategically important part of the city centre.
Supported by Property Partner, Paul Hilsdon, and also by Senior Associates, Rebecca Gilbert and Clare Hardy, Geldards advised on a wide range of complex legal issues for the benefit of the project from across the firm’s Commercial Property, Planning, Construction and Tax departments.
Commenting on the project, Tiffany Cloynes, says:
“Geldards is pleased to have played such a significant role in this major regeneration project for Derby City Council which will be transformational for the city centre. The work was complex and multi-faceted and required a great deal of specialist legal advice, but we were delighted to be able to work so closely and effectively with the Council’s very supportive in-house team. “
Paul Simpson, Chief Executive at Derby City Council added:
“Becketwell Performance Venue is a landmark development for Derby. It will see the Council funding and owning the 3,500 capacity venue with St James Securities delivering the development and ASM Global becoming the operators on a long term lease.
“The deal is key to putting culture at the heart of regeneration in our city, generating an additional £10m a year for the area and diversifying the local economy. Geldards were a key member of the Council’s delivery team and instrumental in developing the partnership.”