Slaughter and May is advising Legal & General Property on the acquisition and forward funding of a new 125,000 sq. ft. office building, including ground floor retail and leisure space, at One New Bailey, Salford. The building forms part of the development of the New Bailey Scheme, which itself forms part of the wider regeneration of Salford Central, which aims to provide 2.37 million sq. ft. of commercial space, 849 new homes and 390 hotel rooms.

The building will be developed by English Cities Fund, a joint venture between Muse Developments, Legal & General and the Homes & Communities Agency.

CONTACTS

Real Estate: Jane Edwarde (partner), Oliver Moir (associate), Tom Inker (associate), Sarah Tolley (associate)