Winckworth Sherwood has advised Catalyst and Redrow Homes on a joint venture that will deliver a 450-home mixed-use scheme in Brentford.
The scheme, on Capital Interchange Way, will include a mix of one, two and three-bedroom apartments including a significant number of affordable homes together with office and retail space.
The 50:50 joint venture is between Redrow Homes and Catalyst by Design, a subsidiary of Catalyst, with the joint venture company taking the scheme through planning, development and delivery. Redrow Homes will lead on the scheme construction, with Catalyst Housing Limited acquiring the affordable housing elements of the scheme.
Winckworth Sherwood Housing and Real Estate partner Roger Fitton structured the joint venture and, together with Construction partner Eleanor Kilminster and Real Estate senior associate Julie Collinge, advised Redrow Homes. Real Estate partner Alan Duncan and senior associates Edward Lamport and Katie Fung advised Catalyst, with tax advice from partner Robin Dabydeen.
Construction partner Eleanor Kilminster continues to provide advice to the joint venture company on construction appointments.
Roger Fitton said: “Winckworth Sherwood is one of the leading law firms in the UK for structuring complex joint venture partnership to deliver new homes. Our lawyers understand the challenges facing joint venture partners and we bring the full range of skills together to ensure joint venture companies can quickly start to deliver much needed new homes. We are thrilled to have been part of the Catalyst and Redrow Homes story and look forward to seeing the scheme come out of the ground.”
Brentford is currently the target of considerable inward investment with the construction of a new football stadium and plans for the Great West Corridor – a special opportunity area alongside the A4 and the Great West Road.