commercial property - experience

  • Welsh Development Agency - the WDA is responsible to The National Assembly for Wales as the primary facilitator for Objective 1 funding in addition to its other major responsibility in attracting foreign investment.  We have acted in various Objective 1 projects supported by the WDA and already hold instructions in relation to major brownfield redevelopment such as the 200 hectare former work site at Velindre, Swansea. We are also retained in a series of major projects including the development of the Cardiff International Rail Freight Terminal and 36 acres of adjoining rail related prime development land. These projects involved multi-party transactions and complex land assembly and infrastructure issues, 46 documents and three construction contracts. We performed a project management role in addition to providing legal advice and assistance
  • The Bute Avenue PFI Scheme - this scheme is valued at £225m and involved the construction of a major road linking the city centre with the waterfront and commercial (500,000 sq ft) and residential (350 units) development.  It is without doubt the largest and most complex PFI with which we have been involved and remains unique in PFI terms in respect of the combination of infrastructure (highway) and urban regeneration development. We recently acted in the refinancing of the scheme
  • National Industrial and Maritime Museum for Wales - we acted for the National Museum and Galleries for Wales in the development of this new museum of international repute at Swansea. The project was undertaken as a joint venture between the city and council of Swansea and the museum through a charitable company limited by guarantee, with equal representation on the board by the council and the museum. Finance is being provided from a mixture of Objective 1 and Heritage Lottery Funding, Wales Tourist Board and National Assembly Grants
  • United Kingdom Atomic Energy Authority - we acted in the transfer of the UKAEA to a new company known as AEA Technology Plc in readiness for its privatisation.  This involved a negotiation in preparation of 99 leases of premises and the assignment of 30 leases previously granted. We continue to act for the UKAEA.