Dentons has advised McArthurGlen Group, Europe’s leading owner, developer and manager of designer outlets, on its joint venture with U+I, Rioja Developments Limited, Aviva Investors on behalf of Aviva Life and Pensions, and The Richardson Family to develop a new designer outlet in Cannock, 30 minutes from Birmingham, the UK’s largest regional city.
The establishment of the joint venture will see a combined investment of more than £160 million in the project with the development spanning 26,500 sq m of gross leasable area across two phases and including improvements to the road infrastructure.
The Dentons team was led by Corporate Real Estate partner Jonathan Cantor, who was assisted by senior associate Chris Winn and trainee Aboud Ameen. Senior associate Hugo Gerrard led on the real estate due diligence for the joint venture, with counsel Shaun Tame advising on construction matters and partner Stephen Ashworth and associate Lucy McDonnell advising on planning matters. Tax advice was provided by partner Alex Thomas and senior associate Julian Feiner.
Arnold & Porter Kaye Scholer advised McArthurGlen Group in relation to property management and development management matters. CMS advised U+I Group. Linklaters advised The Richardson Family and BLP advised Aviva. Bedell Cristin acted in relation to Jersey law matters.