Taylor Wessing has scored the lead role advising Brentford Football Club on the development of a new stadium.
Real estate partner Adam Marks is leading the eight-strong team advising the club, which obtained the option to purchase a 7.6-acre site on Brentford’s Lionel Road for the development of a new 20,000-seat stadium.
“This is a new client for us, that was secured through an informal tender process,” said Marks. “The scale of the development means there will be a great deal of property work, with planning elements and some structuring and corporate work.”
In a bid to generate a diversified income for the club the development will encompass a stadium for football and rugby, a health centre, leisure centre, social enterprise business centre and a residential development as well as hotel and conference facilities.
The Taylor Wessing team is also advising the club on its departure from its existing stadium at Griffin Park. The former home site is to be developed for residential use once the new stadium has been built. The development phase is slated for completion in 2011.
Brentford FC chairman Greg Dyke had said that the club’s aim is to move into its new stadium “free of debt” with the combined income from the stadium’s non-football income expected to contribute to the club’s future financial security.
The development of Brentford Football Stadium signals a move in the right direction for the football club, which lost its boss Terry Butcher last week after seven months on the job.