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Real Estate act for Pirrie Belfast Ltd on build to rent development at the Titanic Quarter, Belfast

Posted on 25 May 2021

Mishcon de Reya acted for Pirrie Belfast Limited, an SPV held by our client Watkin Jones PLC, who are amongst the UK’s leading developers and managers in the residential build to rent sector.

The transaction facilitates a proposed build to rent development of significant scale at Plots 9, 11 and 11a, Titanic Quarter, Belfast, Northern Ireland. Titanic Quarter is one of Europe’s largest urban waterfront regeneration projects and comprises historic maritime landmarks, film studios, apartments, a riverside entertainment district and the world’s largest Titanic-themed attraction. The development value across the private, commercial and retail elements of the proposed scheme is circa £145m.

The Firm collaborated with Northern Irish Solicitors Davidson McDonnell and Development Managers Lacuna Holdings in respect of the Northern Irish elements of the deal.

The team was led by Real Estate Partner Ed Hughes-Power with support from Associate David Kanter. Consultant Martyn Hanmore assisted on Planning, Head of Real Estate Tax Jon Legg provided Tax support and Managing Associate Mitwa Bavisi assisted on Construction.

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