Browne Jacobson has advised Chesterfield Borough Council on the One Waterside Place development in Chesterfield since 2020.
The development forms part of the wider £340m Chesterfield Waterside regeneration scheme. One Waterside Place provides bespoke office accommodation for established businesses. It sits within the £75 million first phase of the Basin Square neighbourhood of the scheme. Once the project is complete, the Basin Square neighbourhood will consist of 320 Built-to-Rent apartments, a 400-space multi-storey car park, a 140-bed hotel, retail and leisure units.
The Council officially opened One Waterside Place at the end of January.
The six storey building features premium office space and a ground floor retail unit and is already becoming one of Chesterfield’s most desirable business locations and a welcome addition to the local skyline.
The development promises to bring new investment into the town, with Chartered accountancy firm, BHP and women’s leisurewear business, Varley Clothing already occupying parts of the modern building, situated near a variety of cafes and shops and the mainline train station.
The Browne Jacobson advisory team comprised real estate specialists Legal Director, Neil Walker, Senior Associate Kassra Powles and Partner and Head of the firm’s Real Estate and Construction sector, Michael Sadler.
Neil commented: “This is a very impressive development and a key milestone in the regeneration of Chesterfield, which we are very pleased to have been involved in, working closely with our legal and economic development colleagues at the Council .
“One Waterside Place is a modern building with sustainable features that is located in prime location and offers ambitious companies a place to grow and thrive. It is also an integral part of the Council’s strategy to rebuild Chesterfield’s economy, presenting new employment and investment opportunities.
“We look forward to seeing the future businesses that this fantastic build is going to attract and the next exciting phases of development at Waterside.”
Councillor Tricia Gilby, Leader of the Council said: “The opening of this new development is a key milestone for the £340 million Chesterfield Waterside regeneration project. One Waterside Place represents our ambition to build a thriving borough and create new opportunities for our residents.”
“We are also delighted to have worked with Browne Jacobson on this significant project. Neil and the wider team were incredibly dedicated to getting the project over the line. Their in-depth real estate knowledge and experience in regeneration projects was invaluable.”