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Developing London’s new Cultural and Education District

  • Global

    12-06-2018

    Eversheds Sutherland supports on major redevelopment scheme

    Eversheds Sutherland has advised London Legacy Development Corporation (LLDC) on a new Cultural and Education District in East London.

    Two sites for the V&A, including a new museum at Stratford Waterfront and a collection and research centre at Here East, a 550-seat theatre with six studios and support facilities for research, development and production of new work for Sadler’s Wells, and a new campus for UAL’s London College of Fashion are planned to open in East Bank at Queen Elizabeth Olympic Park. This follows the recent announcement from University College London (UCL) on the creation of UCL East – a new university campus which will built on the Park.

    East Bank marks the culmination of several years’ work by the LLDC to secure long-term, viable opportunities in and around Queen Elizabeth Olympic Park.

    Eversheds Sutherland supported successful completion of the property, construction and development contracts, along with TfL Legal.

    The Eversheds Sutherland team was led by real estate consultant Steve Manson, working alongside Legal Director Dave Newstone and Senior Associate Hugo Jay. Construction advice was led by Principal Associate Tom Douglas.

    The redevelopment of East London, led by the LLDC, will help respond to the significant increase in the population with more than two million people now living in the area. It has built new neighbourhoods, business centres and cultural spaces, helping to transform the region into a major destination for culture, sport, local business and education.

    Steve Manson commented:

    “The continued regeneration of East London has made it one of the fastest-growing areas in the South East. We are proud to have played a role in providing access to culture and the arts in this part of the city and London generally. It was a pleasure to work with longstanding client LLDC and with the other parties involved. We look forward to the scheme ensuring a vibrant community over the coming years.”

    Under present plans building work is due to start on the site in mid-2019, with building openings scheduled for 2022/23.

    UAL’s representation was led by partner Jeremy Shields of CMS Cameron McKenna Nabarro Olswang. Partner Ian Painter of Clifford Chance represented Sadler’s Wells. V&A’s advice was provided by its General Counsel Anthony Misquitta with assistance from James Furber and Henry Stevens at Farrer & Co, Ronan Speers at Keystone Law and Digby Hebbard at Fladgates.

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