Trowers & Hamlins advises The Hyde Group on acquisition of Charlton Riverside
International law firm Trowers & Hamlins has advised The Hyde Group and their subsidiary the London Homebuilding Partnership LLP on their strategic acquisition of multiple parcels of land at Charlton Riverside, an exciting regeneration scheme that has the potential to provide a significant amount of new housing for Greenwich as part of a major mixed use development incorporating new employment space.
The land is located within the Charlton Riverside Opportunity Area and identified by Greenwich as a major development opportunity in the Charlton Riverside Supplementary Planning Document.
Amy Shaw who led on the deal said:
"The project was run on a tight timetable. Not only was the land subject to numerous tenancies which gave rise to detailed vacant possession advice, but parts of the land have potential contamination concerns due to current and former industrial use. In addition, the land abuts the Thames River Wall which required detailed investigation. This was important due to the flood defence improvement works that will need to be carried out to the wall for redevelopment.
Since the deal was delivered in such a short time frame, the coming together of our tax, environmental, corporate and development team all worked fluidly together to carry out thorough due diligence and to negotiate the transaction documents in a fast paced and efficient way which enabled us to successfully overcome the challenges faced by this site."