Gowling WLG advised longstanding client, the North West Evergreen fund, on its £15m investment to Allied London to part-fund the development of No1 Spinningfields in Manchester.

The investment will be used to part-fund No1 Spinningfields, which is due to complete in 2017 and will be the highest specified commercial building in Manchester, and located in the iconic Spinningfields area. Plans include potential for restaurants, cafes and retail outlets on the ground floor and a skyline restaurant.

Partner Kirsty Barnes led on the deal with assistance from principal associate Ed Hall of the banking and finance team