Macfarlanes has advised an affiliate of real estate firm Realstar Group on a joint venture agreement with Mace Real Estate to deliver a mixed use development at Newington Butts in Elephant & Castle, South London.

The development will include private rented sector accommodation ("PRS"), affordable housing, a theatre and retail space.

The development is expected to have a GDV in excess of £200m. Mace Real Estate Limited has been appointed as the development manager and Mace Limited has been appointed as the building contractor.

The Macfarlanes team was led by real estate partner Clare Breeze, who comments: “Realstar is a major long-standing client of the firm and it is exciting to be involved in this landmark PRS development with them”.

Other members of the Macfarlanes team included construction partner Ann Minogue, partner Jat Bains from the financing department and partner Mark Baldwin provided tax advice.