Property lawyers in the development team at the Birmingham offices of Pin-sent Masons ended 2005 on a high note after clinching contracts on several major town centre regeneration projects in the last quarter representing an end value in excess of £700 million.
In early December the team acted for Birmingham City Council on the completion of a development agreement for the £200 million second phase of Birmingham's Masshouse project, City Park Gate.
The project, being developed by Countryside and Quintain, will provide a gateway to Eastside, a ten year, £6 billion project to create a new cultural and learning quarter for Birmingham.
The team continues to advise Mid Sussex District Council on plans to regenerate three town centres at Haywards Heath, Burgess Hill and East Grinstead entailing a 20-year partner-ing arrangement with the preferred developer, Thornfield Properties.
In October and November the team completed two development agreements for the creation of schemes in Lichfield and Newbury.
Lichfield's £80 million Birmingham Road development will see the creation of new shops, a cinema, hotel, car parks, a bus station and new homes integrated with the rest of the town centre.
The agreement with Standard Life for Newbury's Park Way development will bring more than 250,000 sq ft of retail space comprising 35 shopping units and a major department store.
The Birmingham development team comprises 13 lawyers, led by partners Andrew Yates, Tom Johnson and Kultar Khangura, working closely with the specialist planning and CPO team under partner Richard Ford.
Lead partner Andrew Yates said: "We hope to announce the successful conclusion of more deals later."
