Foot Anstey's Real Estate Group has advised Berkeley Homes on its acquisition with Audley Retirement of Sunningdale Park in Berkshire, formerly home to the National School of Government. It looks set to be redeveloped as a residential and retirement scheme after Foot Anstey helped acquire it from the Cabinet Office.
The 70 acre site includes 209,896 sq ft of existing accommodation, including Northcote House, a Grade II listed neo-Georgian mansion, training accommodation with associated lecture theatres, residential accommodation and sports facilities. The site has been government owned since 1947.
Berkeley Homes and Audley Retirement are working up their proposals for Sunningdale Park which has now been designated as suitable for redevelopment, subject to planning permission being granted from Royal Borough of Windsor and Maidenhead for a residential and retirement scheme.
Martin Hirst is the head of Foot Anstey's Real Estate Group and was the lead partner acting on the Sunningdale transaction. Martin said: "We're delighted to have acted on this transaction which will hopefully assist with the shortage of good quality homes, and make a lasting contribution to the landscape and to the communities our client is helping to create. Sunningdale is a remarkable site in a unique setting and Berkeley and Audley will no doubt do a great job in generating long-term value by creating a successful and sustainable living environment."
To meet the growing demand of Foot Anstey's residential developer clients, the firm recently recruited a team of four lawyers to join the firm's Real Estate group and opened a new office in Southampton in September 2016.