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CMS Cameron McKenna, Eversheds and K&L Gates have advised on one of the first Building Schools for the Future (BSF) deals to close since the coalition Government put the previous administration’s brainchild on hold.
The firms acted on the new build Dagenham Park Church of England School PFI in East London.
Eversheds projects partner Jonathan Cripps advised the London Borough of Barking and Dagenham (LBBD), K&L Gates projects partner Cathy Harris advised the winning consortium, led by Laing O’Rourke, while Camerons finance partner Jason Davies advised financer The Co-operative Bank.
Eversheds’ Cripps was assisted by associates Paola Scagnelli, Ian Pumfrey and Evelyn Akintola.
The firm advised on all aspects of the project, from procurement to drafting and negotiating the project documentation through to financial close.
“We’re delighted to have helped LBBD get this important project across the line,” said Cripps. “The authority has a strong track record of working in partnership to improve educational standards and the life choices of children and young people.
“This project will make a real difference to the prosperity, strength and cohesion of the borough.”
LBBD will enter into a partnering agreement with Thames Partnership for Learning, the local education partnership established by the consortium.
Eversheds and K&L Gates also advised LBBD and Laing O’Rourke on the redevelopment of the Sydney Russell School in the borough.