A cross practice team of lawyers at Birmingham-based Pinsent Masons has advised Riverside Housing Association on the completion of a £203 million PFI housing initiative in the West Midlands.
The 25 year contract with Sandwell Council will see the refurbishment and redevelopment of more than 1,000 homes on the Harvills Hawthorn and Millfields housing estates in Wednesbury.
Construction will be carried out by Mansell.
One of the final Housing Revenue Account Pathfinder Schemes to close in the country, it adds to Pinsent Masons' PFI social housing credentials which also include projects in Islington, Newham, Reading and Leeds.
The Pinsent Masons team was led by projects partner Kate Peacock and assisted by Louise Duffy and Kerry Wardle (banking), John Christian (tax), Janet Hoskin (charities), Philip Titchmarsh (employment), Kate Hudson (construction), Nigel Wilson (IT), John Bruce (projects) and John Hanratty (pensions).
Ms Peacock said: "We are all delighted that Mansells can commence the construction and refurbishment works which will make a huge difference to the people living on the Harvills Hawthorn and Millfields estates."
Pinsent Masons has also advised Risk Capital Partners on the sale of bingo club operator Mayfair Gaming to Hermes Private Equity for an undisclosed sum.
The current management team of Simon Hannah and Paul Viner will continue to run the business which comprises eight outlets in Aberdeen, Pudsey, Streatham, Bristol, Brighton, Newark and two sites in the Newcastle area.
Mayfair Gaming had a turnover in 2005 of £12 million.
Hermes Private Equity and management intend to grow the business looking for further suitable locations where Mayfair Gaming's size and style of operation can flourish.
The Pinsent Masons team acting for Risk Capital Partners comprised private equity partner Tom Leman, senior associate Gareth Hughes and tax partner Janet Hoskin. Private equity partner Andrew Masraf acted for management.
And to complete a trio of deals the firm has advised English Partnerships on its £100 million acquisition of Oakington Barracks in Cambridgeshire from the Ministry of Defence.
The site was deemed surplus to requirement by the MoD and has been designated a major component of the proposed new town development of Northstowe which will eventually comprise up to 9,000 homes.
The Pinsent Masons team acting for English Partner-ships comprised Andrew Yates, David Meecham and Robert Pettigrew from real estate, Richard Ford, planning, and Naomi Lindsay, environmental.
Mr Yates said: "This is just one of many exciting redevelopment projects the team have been advising English Partnerships on over the last 18 months.
"The sale of Oakington Barracks will open the door to rejuvenating this brownfield site and transforming it into a sustainable community with affordable housing."
