Wragge & Co's Projects team has advised facilities management provider Lovell on a new £32.8 million facilities management contract. The contract is for the delivery of facilities management across a £300 million housing project in North Tyneside. The development, one of the largest of its kind, will comprise 924 apartments across 10 new and 16 refurbished housing schemes designed for elderly residents.
The Wragge & Co team worked with Lovell - a subsidiary of long-standing client Morgan Sindall Group to deliver a detailed facilities management contract for the upkeep of the apartments over the next 28 years. As well as long-term maintenance, the contract also provides for responsive repairs, planned and cyclical maintenance, repairs to void properties and gas and electricity servicing and testing.
Partner Stephen Kenny and associate Elizabeth Williams led on the transaction for Wragge & Co and Elizabeth said: "This project will be a vital asset to Tyneside and a detailed facilities management agreement was an essential aspect of the project. Our cross-firm, multi-disciplinary team worked hard to deliver a contract that guarantees the long-term maintenance of these properties - vital for investors and future residents of the properties alike."
Assisting on the deal were corporate infrastructure finance solicitor Natalie Scoones and associate Erika Pircher-Eschig, pensions associate Crispin Freeman and employment solicitor Jennifer Harper.
Kay, commercial director for the Lovell Repairs and Maintenance business, said: "We are delighted to be working with residents, Solutions 4 North Tyneside and North Tyneside Council using our expertise in working in sheltered accommodation. As our legal advisers, Wragge & Co played a key role in delivering this important contract which will ensure the provision of a comprehensive, high-quality facilities management service."
Wragge & Co's 25-lawyer Projects team advises local government and government departments, contractors, sponsors and funders on PFI issues and PPP and international projects. Supported by the firm's finance, construction, planning, IT and property experts, the team has the necessary expertise and experience to handle the most complex projects. Highlights include advising Amey on the £2 billion Sheffield Highways project.