Shoosmiths Guides Landmark Leeds Development Project
Deal News | Apr 04, 2025 | Shoosmiths
Shoosmiths has played a pivotal role in advising property developers Torsion Group and Khalbros on acquiring Eastgate Quarter in Leeds, marking this as one of the most significant real estate transactions in Yorkshire. The £1 billion development project aims to transform the site into a mixed-use, modern urban community. Previously intended for a retail-led masterplan, the new vision includes residential, commercial, and lifestyle components designed to meet the needs of a contemporary city. Managed by Leeds-based companies, this landmark development has been positioned as a collaborative effort to contribute to the city's ongoing growth. Shoosmiths' legal team, which includes Co-head of Living Judy Fawcett and partner James Speed, worked alongside Miles Dearden from Torsion Group to finalize this deal. The project signifies a major step forward in urban development, aligning with the city’s future growth agenda and setting a precedent for other areas. With sustainability and design excellence as focal points, both Torsion and Khalbros aim to create a vibrant and sustainable community in the heart of Leeds.
Sectors
- Real Estate Development
Geography
- United Kingdom – The project is taking place in Leeds, which is in the United Kingdom. The article also highlights the involvement of UK-based law firm Shoosmiths in facilitating the project.
Industry
- Real Estate Development – The article discusses the acquisition and redevelopment of the Eastgate Quarter in Leeds, focusing on real estate development and urban regeneration.
Financials
- £1 billion – The planned investment into the Eastgate Quarter mixed-use regeneration project in Leeds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Torsion Group | Property Developer | Company | A key developer in the joint venture for the redevelopment of Eastgate Quarter in Leeds. |
| Khalbros | Property Developer | Company | A property development company partnering with Torsion for the Leeds city center project. |
| Shoosmiths | Legal Advisor | Company | UK-based law firm advising Torsion Group and Khalbros on the Eastgate Quarter acquisition. |
| Judy Fawcett | Co-head of Living at Shoosmiths | Person | Co-head of Living at Shoosmiths, leading the legal advisory team for the project. |
| James Speed | Partner at Shoosmiths | Person | Partner at Shoosmiths working on the Eastgate Quarter project. |
| Miles Dearden | General Counsel at Torsion Group | Person | General Counsel at Torsion Group, collaborated with Shoosmiths on the transaction. |
| Dan Spencer | Founder & CEO of Torsion Group | Person | CEO of Torsion Group, involved in the Leeds redevelopment project. |
| David Khalastchi | Joint Managing Director of Khalbros | Person | Managing Director overseeing the joint venture with Torsion. |
| Michael Khalastchi | Joint Managing Director of Khalbros | Person | Managing Director of Khalbros aiding the project. |