DLA Piper advises Hadley Property Group on Stratford site purchase

DLA Piper has advised Hadley Property Group on the GBP50 million purchase of a 3.18 acre development site in Stratford, East London, from London and Continental Railway.

The development site, on International Way, is situated near Stratford International Station and Westfield Stratford City. It has planning consent for 767,000 sq. ft. of office space and has secured pre-application “positive feedback” from the council for up to 720 homes. This deal marks the latest step in transforming what was once a derelict railway site into a thriving community in east London.

Hadley Property Group is a privately-owned development company which specialises in progressive, sustainable approaches to the delivery of much-needed housing in Greater London and other major UK cities. Its portfolio focuses on residential-led mixed use schemes, large-scale regeneration projects, usually delivered in partnership with local authorities.

The DLA Piper team was led by Real Estate partner Jonathan Northey, supported by senior associates Hannah Cockayne and Nickolas Rouke. Partner Christopher Chan and associate Zander Rawlins advised on the financial aspects of the deal, partner Trevor Ivory and associate Ross Corser on Planning, partner Stephen Malley and consultant Andrew Thompson on Construction, with partner Matt Davies and senior associate Karen Hird on Tax.

Jonathan commented:

“This development will continue the great success of the Olympic Park and will continue London’s evolution. It has been a privilege to help Hadley secure this outstanding legacy project that will see a derelict site transformed into a thriving community in east London.”