Brabners Chaffe Street and Reed Smith both helped wind turbine manufacturer Vestas secure an option to take a lease on a 70-hectare site at the Port of Sheerness in Kent.
Vestas has chosen the site as the base for a potential new manufacturing and assembly facility for the company’s new V164-7.0MW offshore wind turbine.
The turbine will be the largest of its kind, with blades sweeping an area three times the size of Wembley Stadium’s football pitch.
Reed Smith advised Vestas, with real estate development partner Richard Nicoll and construction and engineering partner Richard Ceeney leading on the deal. Corporate and commercial partner Samantha Roberts advised on port and terminal issues, while partner Harriet Morgan provided tax advice.
Brabners advised landlord Peel Ports, with property partners Sandy Gill and Ian Hardman leading.
Reed Smith’s Nicoll said: “The exciting deal – for a site comprising an area equivalent to 93 football fields – involved many months of intense negotiations and gave rise to a number of complex legal issues.
“Vestas’s decision to choose Sheerness as its potential base provides a much-needed boost to the local economy and could create 2,000 jobs.”