CONSTRUCTION AND ENGINEERING
Phase 1 of a major development site in Plymouth for Mount Wise (Guernsey) Ltd
This landmark site in Devonport, Plymouth, is being developed on the site of an old MOD/Admiralty facility as a mixed-use residential and commercial development incorporating a boutique hotel. We have advised the client in relation to site acquisition and planning issues, the securing of necessary finance and other construction documentation.
We worked intensively for a period of four months on the negotiation of the £14 million building contract, which required lengthy negotiation with both the appointed contractor and the funder against tight deadlines. In order to secure an early start on site, we were responsible for the drafting and negotiation of an appropriate letter of intent to reflect the parties’ varying interests. Construction works have now started on what is one of the principal development sites in the South West.