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Howes Percival acts for Braintree District Council on innovation park acquisition
11th January, 2019
Leading regional law firm, Howes Percival has acted for Braintree District Council (BDC) in relation to the new Horizon 120 business and innovation park.
The firm advised BDC on contract negotiations to acquire two separate parcels of the development site, near Great Notley from an adjoining landowner and developer, Countryside Properties. BDC envisages that the 65-acre development site, Horizon 120, will attract professional services firms, companies operating in research, digital and development sectors and, in advanced manufacturing.
Howes Percival development lawyer, Nicola Curle (supported by Tom Skinner) acted for BDC in negotiating the two acquisition contracts and other related complex negotiations connected to the development of the Horizon 120 project.
“Horizon 120 is an exciting project which will bring a tremendous boost to the area. We were delighted to advise Braintree District Council on acquiring the two sites for the business park. This was a complex piece of work. We had to manage contract negotiations with two separate landowners, which needed to synchronise on planning and completion timeframes, and deliver in accordance with the Council’s cabinet approvals. The acquisition of the main site also required complex negotiations around facilitating access and services to retained land for future development and overage provision to capture enhanced value.
“At Howes Percival, we are seeing an increase in Local Authority led development work in both the commercial and residential market.”
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