Mishcon de Reya advises on Upper Trinity JV
Deal News | Feb 07, 2025 | Mishcon
Mishcon de Reya advised Cole Waterhouse and Taurus Investment Holdings on a new joint venture with Housing Growth Partnership for the first phase of the Upper Trinity Street development in Birmingham. This £260 million mixed-use project in Digbeth will deliver 211 build-to-rent homes, with funding from debt provider BentallGreenOak. The initiative will eventually expand to include 943 homes, a public park, and facilities for local cultural institutions. Construction by Caddick is underway, with phase one expected by spring 2027. The project is considered crucial for Birmingham's regeneration, following Mishcon's prior success in advising similar ventures.
Sectors
- Real Estate
- Finance
- Legal Services
- Construction
Geography
- United Kingdom – The development project is occurring in Birmingham, a major city in the UK, making it the primary geographical focus.
Industry
- Real Estate – The article involves a significant real estate development project involving the construction of residential and mixed-use properties.
- Finance – Involvement of multiple financial entities such as BentallGreenOak for debt funding and Lloyds Bank backing the equity investor indicates a strong financial component.
- Legal Services – Mishcon de Reya, a law firm, advising on the transaction highlights the involvement of legal expertise in the joint venture.
- Construction – The initiation of construction work for the Upper Trinity Street development classifies Construction as a relevant industry.
Financials
- £260 million – The total project value of the Upper Trinity Street mixed-use development phase one.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mishcon de Reya | Legal Advisor | Company | A law firm advising on the joint venture for the Upper Trinity Street development. |
| Cole Waterhouse | Joint Venture Partner | Company | A developer partnering in the joint venture for the Upper Trinity Street project. |
| Taurus Investment Holdings | Joint Venture Partner | Company | An investment company partnering in the joint venture for the development. |
| Housing Growth Partnership | Equity Investor | Company | Equity investor backed by Lloyds Bank and Homes England, involved in the joint venture. |
| BentallGreenOak | Debt Provider | Company | Provided debt funding for the joint venture. |
| Caddick | Main Contractor | Company | Construction company undertaking the build for the Upper Trinity Street development. |
| Pat Benson Boxing Academy | Beneficiary | Charity | Will receive a permanent home in the development project. |
| Museum of Youth Culture | Beneficiary | Charity | Will receive a permanent home in the development project. |
| Birmingham Music Archive | Beneficiary | Charity | Will receive a permanent home in the development project. |