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Trowers & Hamlins advises Network Housing Group on two new JVs with Stanhope

Trowers & Hamlins advises Network Housing Group on two new JVs with Stanhope

City, national and international law firm Trowers & Hamlins is pleased to have advised Network Housing Group and its subsidiaries on joint venture transactions with developer Stanhope Plc.  Contracts were exchanged in January 2016.

Network and Stanhope have joined together in two projects: the first relates to the sale and potential redevelopment opportunities for the existing Network asset at Grosvenor House, Drury Lane, and the second project relates to an ambitious Build-to-Rent portfolio.  The partnership aims to have over 1,000 homes in its portfolio within the next three years.

Real Estate partners Sara Bailey and Amy Shaw advised Network with assistance from partner Ian Dobinson on corporate aspects and managing associate Rebecca Gibson on the property and due diligence side.

Sara Bailey, head of residential development at Trowers & Hamlins, commented:  "We are delighted to have worked on this deal with Network Housing Group.  This is a significant opportunity for Network and Stanhope to become a major player in the Build-to-Rent market."