Nabarro helps S4B secure Manchester housing PFI opportunity
Nabarro has advised Equitix-led consortium S4B on its successful tender to become preferred bidder for a £113m PFI housing regeneration scheme for Manchester City Council.
The scheme involves the redesign of much of the Brunswick area in east Manchester, with a mix of around 1,200 homes, new care facilities, a new library, retail facilities and associated infrastructure improvements. The project is due to reach financial close in June 2013.
The final two bidders for the project were the Fern consortium (made up of Harvest Housing and Gleeson) and S4B (made up of Equitix, Contour Homes and Galliford Try).
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Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem