Eversheds and SNR Denton have been appointed as advisers on Southampton’s £450m Royal Pier Waterfront development.
Eversheds, led by development and regeneration partner Stephen Sorrell, is advising Morgan Sindall Investments (MSIL). The property investment company was selected to develop the Royal Pier Waterfront in February. Sorrell is being assisted by real estate partner Adrian Hill and commercial partner Kuljeet Hothi.
Morgan Sindall will partner with Southampton City Council, the Crown Estate and Associated British Ports, which own the 60-acre site jointly.
SNR Denton, led by real estate partner Richard Budge, is advising the council. Real estate partner Nick Mott and Mark Basset, a senior associate in the procurement law team, also worked on the deal.
The Royal Pier Waterfront is a 20-year scheme to create a mixed-use development with residential and office accommodation, shops and boat facilities. The development is part of the city’s ’Renaissance Vision’, which aims to turn Southampton into a city that can compete with the best in Europe.
“This development will be a huge boost for Southampton and bring vital jobs to the city,” said Sorrell. “We look forward to working collaboratively with longstanding client MSIL in progressing what will be an exciting project.”