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Eversheds has scored the lead role to advise the London Thames Gateway Development Corporation (LTGDC) on real estate matters.
The firm edged out Berwin Leighton Paisner, LTGDC’s former external adviser, to take the lead on real estate transactions that will span eight London boroughs.
LTGDC chief executive Peter Andrews said: “Eversheds is a leading advisory practice in its field and will provide strategic legal advice on all our property-related transactions in the Lower Lea Valley and London Riverside areas.”
Eversheds’ ;role ;will include ;advising ;on LTGDC’s programme to upgrade homes, employment, transport, social infrastructure and the Thames Gateway environment, spending at least £237m over the next three years to attract £1.8bn of private sector investment.
Eversheds real estate development head Stephen Sorrell, who led the firm’s pitch, said winning the LTGDC tender was important. “[This win] continues our proven track record of delivering large-scale, complex ;regeneration schemes,” he said.
Eversheds’ other clients include public sector bodies such as English Partnerships and the Regional Development Agencies.
The panel win is Eversheds’ second in as many months. Last month it won a place on the NHS Purchasing and Supply Agency panel and will advise on commercial contracts and disputes and procurement and corporate governance.