Addleshaws wins NPL redevelopment project

Addleshaw Booth & Co has won Glasgow-based NPL Estates as a new client.

The win brings with it one of the firm's largest property projects this year.
Commercial property partner Michael Reevey led a team of six from the firm's Leeds office on the completion of the initial phase of a 1,400-acre urban regeneration scheme.
NPL previously used Liverpool firm Davidsons for work outside Scotland, but managing director Eric Taylor said that the company had simply outgrown it. As a lawyer himself, and consultant with Scottish firm Brodies, Taylor knew exactly what he required from a law firm.
He said: “We're getting a full service across the board, all within the world of commercial reality. Apart from that, I like it.”
Speaking of the project, Reevey said: “This scheme is a classic example of how brownfield regeneration can revitalise local communities by attracting investment and generating employment in disadvantaged areas where it is most needed.”
Following three years of research, NPL has presented plans for a £800m development on the former Hillhouse ICI site at Thornton in Fleetwood. The five-year project will include a business and industrial park, a new school, residential and office accommodation, and leisure facilities.
Central to the project is a gas-fired power station. This energy park is core to the industrial element of the development and makes it one of only six similar projects in the UK.
Reevey said: “The package of measures announced by Gordon Brown in the last budget provided a shot in the arm for local authorities trying to attract developments that will regenerate their areas, without putting unwanted pressure on greenfield sites.
“Developers are now encouraged and rewarded for supporting urban regeneration, and this can only be good news for areas such as Hillhouse and others in need of significant inward investment.”
The cross-practice team from Addleshaws takes in partners from both commercial property and environment groups.