Wragge & Co has landed Arsenal FC as a new client after winning a mandate to advise the Premiership football club on the multimillion-pound redevelopment of its Highbury stadium.
The Birmingham giant’s real estate practice has been instructed by Arsenal subsidiary Highbury Holdings to handle the commercial and residential disposals arising out of the redevelopment of the 38,500-capacity stadium in North London.
Wragges won the work thanks to a recommendation from Martin Letts, director of Vision Four, the company project managing the redevelopment, who has previously worked with Wragges director Duncan Murphy, the leader of the specialist residential development team.
“It’s a fantastic instruction from one of the best-known names in British sport. The project will regenerate a huge slice of North London,” said Murphy.
Wragges will work alongside Slaughter and May, which will advise Arsenal on the construction and funding elements of the project. Slaughters is Arsenal’s longstanding adviser and handles virtually all of the club’s legal work. The City firm also landed the plum role advising the Gunners on the construction of its new stadium, which is being built near its existing Highbury home.
The redevelopment of Highbury will provide 2,000 homes and create around 1,800 jobs in the local area.