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DWF advises on Oldham town centre regeneration scheme

DWF has advised Oldham Council on site assembly and land acquisition for its proposed £60m ‘Prince’s Gate at Oldham Mumps’ development.

Anchored by Marks & Spencer, the retail-led scheme will deliver 150,000 sq ft of additional retail space and 800 new homes.  The development will substantially enhance other on-going initiatives to regenerate Oldham town centre.

The DWF Real Estate team responsible for structuring the land acquisition and the agreement with M&S was led by Partner, Toby Askin and included Solicitor, Sarah Koening and Associate, Stephen Hickling. Senior Solicitor, Jack Cantwell, provided specialist support on construction related matters. Of particular importance was the relevant procurement and state aid consideration that needed to be given to the proposals, led by Partner Jonathan Branton.      

DWF Partner, Toby Askin, said: “Developments of this scale and complexity demand a high level of legal and technical due diligence.  With so much at stake for the local community it’s been critical for us to apply every ounce of our extensive expertise in this area to ensure nothing can unravel on this project.”

Jim McMahon, Oldham Council Leader, said: “Prince’s Gate at Oldham Mumps is the most ambitious scheme for Oldham Town Centre in decades.  This development will deliver significant new retail space, up to 800 quality new homes, and be worth up to £21 million per year to our local economy.

“It is a very complex deal and DWF have been very important partners in our successes to date – including ending Oldham’s long wait to finally bring M&S to town.”

Toby Askin

Partner - Head of Real Estate group

I am a Partner and the National Head of the Real Estate group.

Jonathan Branton

Partner - Head of EU/Competition

I lead the firm in EU/Competition issues, specialising in behavioural antitrust, merger control, public procurement and State aid, and all related issues of public funding, including the UK’s Regional Growth Fund, ERDF and ESIF. I also head up the firm’s Brussels office and the firm’s cross-discipline Central and Local Government sector group.

Stephen Hickling

Director

I am a Director within the firm’s leading real estate team, specialising in working with the retail and construction and infrastructure sectors.