Wragge & Co's Real Estate specialists have advised Roxhill Developments on its joint venture with Forth Ports Limited to develop the one million square feet London Distribution Park at the Port of Tilbury.
Industrial development company Roxhill has bought a 50% share in the development from Forth Ports for an undisclosed sum. The 70-acre site has outline planning permission for up to 940,000 sq ft of warehouse and industrial space.
Real estate partner John Burns led a cross-firm team on the project, supported by associate Daniel Walsh. Corporate partner Jeremy Millington, corporate associate Chris Towle and construction partner Richard Green also advised. The team worked closely with Roxhill Developments' managing director Jason Dalby and development director Charles Blake.
John Burns said: "This significant project sees the establishment of a key logistics scheme for the south east of England. Working as part of Roxhill's team was, as always, a privilege. We look forward to helping the joint venture succeed in the future."
Jason Dalby added: "Wragge & Co's significant experience of development projects of this nature has been and will continue to be invaluable to the future success of the scheme."
Roxhill Developments Limited is a privately-owned UK development company established in 2010, specialising in industrial and logistics development. The company has £80 million of equity available for funding development and infrastructure. It controls over 1,500 acres across the UK. Wragge & Co has worked with the organisation since its inception.
Forth Ports Limited owns and operates eight commercial ports in the UK. It was advised by its in-house team and Pinsent Masons.
Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide. Some real estate highlights from the past 12 months include advising Harbert Management Corporation on completion of a £204.5 million acquisition and St. Modwen together with joint venture partner VINCI on a £2 billion deal to redevelop New Covent Garden Market.