Winckworth Sherwood advises Barratt on £100m Cannon Wharf scheme
Winckworth Sherwood is advising Barratt on the acquisition of Cannon Wharf, a major redevelopment site in Surrey Quays in London’s Docklands.
The site will see the construction of 679 homes, including 117 affordable homes, together with 70,193 sq ft of retail and commercial space.
The development scheme will see the construction of nine housing blocks, including two towers 20- and 23-storeys high, an on-site nursery together with outside play-space and residents garden. Cannon Wharf is part of a continued programme by Lewisham Borough Council to regenerate the area, linking it to landscaping of the old Surrey Canal.
Winckworth Sherwood advised Barratt on all legal matters associated with the acquisition of the site including planning and corporate law.
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This decision represents a welcome return to the ‘pay for what you use’ principle and strikes a fairer balance between different creditor and expense groups.
Winckworth Sherwood has provided a summary of the Trusts (Capital and Income) Act 2013.