Global law firm Norton Rose Fulbright has advised Dagenham Dock Ltd (DDL), a subsidiary of Europa Real Estate IV S.a.r.l. on its purchase of a former Ford stamping and tooling site at Dagenham, Essex from the Ford Motor Company.
At its height over 11,000 workers were employed in the factory, which ceased operations in 2013. DDL agreed to demolish the disused factory buildings and remediate the 42-acre brownfield site so that it is suitable for residential purposes. Planning permission will be sought for a mixed use development including a provision for 2,650 homes. The site is located in close proximity to Dagenham Dock railway station which provides a direct link to central London.
Caroline May, head of environment, health and safety at Norton Rose Fulbright, comments:
“This site was used for over 90 years for the manufacture of vehicles and parts, so has a long history of industrial use and was a significant part of the local community. We are delighted to assist in this purchase and remediation of a significant brownfield site. Bringing it back into use will provide substantial housing supply and form an important part of a wider regeneration of the London Thames Gateway area.”
The multi-disciplinary Norton Rose Fulbright team advising DDL on a range of environmental, real estate and planning matters was led by Caroline May; with support from Roopa Modi on real estate matters, partner Richard Hill, and a wider team including Jacqui O’Keeffe, Dan Newcombe, Lucy Bruce Jones, Emilia Richards and Constantine Markides. Jason Moss, Sarah Mathers and Nari Armaly provided corporate advice with Angela Savin and Jaspal Pachu advising on tax matters.
Norton Rose Fulbright continues to advise on significant regeneration projects in the Thames Gateway corridor including the London Gateway port and logistics park in Thurrock and Macquarie’s investment in the £2.5bn Silvertown regeneration. The firm also advised Eco World Investment Co Ltd on a £2bn joint venture with Ballymore, to bring forward three large scale London residential development opportunities on historic industrial sites.
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