Legal team revealed behind Broad Marsh sale

The legal team behind the sale of the Broad Marsh site in Nottingham city centre has been revealed.

It has emerged that Geldards worked with multiple stakeholders to provide legal advice to Nottingham City Council on the sale of the buildings and land to Homes England and retention of the City of Caves by the Council.

Leading on the Geldards team was commercial property partner Hélène Maillet-Vioud, supported by real estate specialist Caroline Findlay and public sector partner Neil Walker.

Last week it was revealed that Government housing agency Homes England agreed the purchase of the Broad Marsh from Nottingham City Council as well as land to the west of the “Green Heart” the city’s new green open space, a multi storey car park, Severns House and a former college site – all of which are due for demolition and some of which may start as soon as the summer.

The deal will see the development of 1,000 homes and 20,000 sq m of retail office and community space. It is anticipated the redevelopment will create 2,000 jobs during the life of the project.

Maillet-Vioud said: “Geldards is thrilled to have played an important role in this vital regeneration project for the City of Nottingham. We are delighted that the space will now be put to good use for the benefit of local people, visitors to the city and will boost the economy too. It’s a professional highlight for me to be involved in helping the Broad Marsh site take a big step forward into the next phase of its future. The project team worked extremely hard to deliver this complex transaction and we are pleased to have achieved such a great result.”

A Nottingham City Council spokesperson said: “This is really positive news for Nottingham and marks the start of a major redevelopment for this key part of our city. We are grateful to the many stakeholders who have worked tirelessly behind the scenes to help bring this project to fruition. Geldards played a significant role in helping conclude the transaction with Homes England and I would like to thank them for their specialist legal knowledge and sound advice.”