Aiding transformation: Deal complete for new Leicester office development
Our real estate team have supported Brackley Property Developments Ltd. on the completion of a deal for a major office development in Leicester.
The new offices will be situated in Dock II of Pioneer Park and occupied by Leicester City Council. Comprising of a 26,400 sq. ft. building designed as a hub for businesses in the science and technology sectors, these offices form part of Leicester’s ambitious regeneration plans. With construction due to start in May 2020, it is hoped that the space will be complete by early 2021.
Brackley Property Developments Ltd. – which has been involved in several projects in and around Leicester – was advised by our real estate team on all legal aspects of the deal, including the development and funding agreements with Leicester City Council.
Peter Dilks, a partner at the firm and real estate specialist at said: “Regeneration is a vital part of any city, and Pioneer Park will give Leicester City Council a modern new building to enable more high-tech SMEs to locate to this innovative technology park. Brackley Property Developments Ltd. is a highly knowledgeable business, and it has been great to work with them on yet another high-quality development opportunity. We look forward to assisting Brackley Property Developments as the Dock II scheme progresses.”
Stephen Pedrick-Moyle, managing director of Brackley Property Developments Ltd., said: “We are thrilled to have been selected by Leicester City Council to develop this exciting scheme which we hope will attract new businesses and allow existing businesses in the area to expand within this key regeneration scheme.
“In line with current Government advice to the construction industry, our contractor Stepnell will be operating the site under strict guidelines and procedures published by the Construction Leadership Council. These align with the latest guidance from Public Health England and will be under continual review.”
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