Shepherd and Wedderburn has advised on a £34.7 million funding deal that will lead to the construction of nearly 600 new homes.
Shepherd and Wedderburn supported FairBriar International in securing financial backing from the Homes and Communities Agency (HCA). This deal will support the development of FairBriar’s 24.5-acre Middlewood Locks mixed-use scheme in Salford, Greater Manchester.
The Shepherd and Wedderburn team that advised on deal was led by Sally Morris-Smith, a partner in the London property and infrastructure team, working alongside Patrick Bell, Lucy Hall and Katy Fitzpatrick of the firm’s banking and finance team, and Andrew Blain, head of Shepherd and Wedderburn’s corporate division.
Ms Morris-Smith said: “This is one of the region’s regeneration projects, which promises to transform the local area and create much-need housing and valuable local amenities close to Manchester city centre.
“We are delighted that we were able to support FairBriar, a long-standing and valued client, in securing the substantial funding needed to progress the ambitious project that will make such a positive contribution to the local community.”