Winckworth Sherwood advises on tripartite arrangement for a residential development

Winckworth Sherwood is advising Hanover Housing Association on a unusual tripartite structure for the residential development in the London Borough of Hackney. 

The scheme brings together Hanover Housing Association, Agudas Israel Housing Association and Hill Partnerships to develop 107 new homes to include an exemplar extra care scheme on the site of Buccleuch House, Clapton Common in North East London.

Planning permission for the scheme was given just before the New Year, with the tripartite development agreement signed in December 2012. The scheme is unusual in that it is divided into three distinct parts, wrapped in a contemporary design from architects Levitt Bernstein.

Winckworth Sherwood advised Hanover on the procurement process to select the development partners and on the sale, lease and development documentation. Planning advice was also provided.