Winckworth Sherwood recently advised long-standing client Redrow Homes Limited on their negotiation to sell and build two schemes with a combined GDV of £183.5 million to Canadian real estate investment and management company Realstar.
The first development, on Merrick Road near the new Crossrail station in Ealing, consists of 166 residential flats and are expected to be available from summer 2020. The second, a block of 347 residential flats in Redrow’s flagship Colindale development, which will be available in 2020.
A cross-specialist team of experts covering real estate (Senior Associate Lizzy Pipe and Solicitor Jenny McNeill), construction (Partner Eleanor Kilminster and Senior Associate Ed Lamport), tax (Partner Robin Dabydeen) and finance (Partner Louise Leaver) led on these transactions. Lead partner for Redrow Roger Fitton took overall responsibility for the deals.