After a competitive tender process, The Regenda Group has been announced as the preferred developer for a multi-site regeneration plan in New Ferry, Merseyside – following support by leading law firm Shakespeare Martineau.
The project will bring 71 new homes to New Ferry, including one and two-bedroom apartments and two, three and four-bedroom houses, which will be available for rent to buy and affordable rent.
Northwest-based The Regenda Group is made up of nine subsidiary companies, including social housing provider Regenda Homes, Redwing property agency, and M&Y Maintenance and Construction, which are all involved in the New Ferry project.
Shakespeare Martineau – which was appointed to Regenda Homes’ legal panel framework in 2020 – provided a high level review of the title and project structure and documentation, summarising and advising on the terms of the deal to inform The Regenda Group’s bid.
Joanna Lee-Mills, head of social housing development at Shakespeare Martineau, said: “We are very excited to be working with The Regenda Group on such a significant project to the local area.
“This scheme will provide real benefits to the local community by seeking to deliver much-needed affordable housing units at a time when so many people are being hit by living costs escalating beyond salary rises.
“Our panel appointment will allow our legal team to support the group with its innovative and ambitious development plans, and we look forward to working collaboratively with the group to help translate its vision and objectives into a lasting legacy that will transform the local community.”
Kevin Edwards, social housing legal director at Shakespeare Martineau, who is leading the delivery of the project, said: “We are extremely pleased to see The Regenda Group secure the winning bid for this very exciting project.
“This regeneration scheme will reinvigorate an up-and-coming area that has been in decline for a number of years. I was born in Birkenhead and grew up within two miles of the scheme so I am delighted to have been given the opportunity to help Regenda deliver this project alongside Wirral Council, which has itself put years of work into making this happen.”
The Regenda Group will submit its detailed plans to Wirral Council’s planning committee towards the end of the summer.
Katie Davies, head of development at The Regenda Group, said: “We’re delighted to have been selected as the preferred developer for the New Ferry regeneration project and look forward to working alongside Wirral Council and the local community.
“The support provided by Shakespeare Martineau through the tender process was invaluable, putting us in a strong position in submitting our bid and agreeing amendments to documentation suited to our proposals.
Stephanie Harrison, executive director operations customer service for Regenda Homes, added: “We’re delighted to have been selected to work alongside Wirral Council and the residents of New Ferry on this vitally important regeneration.
“Our proposed plans meet the critical demand for affordable rent and homeownership in the area and we look forward to sharing them with the public in due course.
“As a local company with a strong community focus, we have pledged to create opportunities for local schools, colleges and young people no longer in education or training throughout and hope to deliver many benefits to the wider community, who collectively have been through so much in recent times.”
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Keith advises companies (both public and private), partnerships and their owners on all aspects of corporate and partnership law.