12 C
Manchester
Thursday, June 5, 2025
Blog Shoosmiths advises Allied London on multi-million pound funding deal for Enterprise City

 Shoosmiths advises Allied London on multi-million pound funding deal for Enterprise City

Shoosmiths solicitors has advised Allied London on a £300m long-term funding partnership with Aviva Investors designed to create Enterprise City at the new St Johns neighbourhood in Manchester.

The multi-million pound investment will allow Allied London to deliver more than one million sq. ft. of commercial and leisure space, including TV and film studios, hotel/leisure and various property infrastructure across ten buildings.

Earlier this year, Shoosmiths also acted for Allied London when they secured Booking.com as the anchor tenant for 222,000 sq. ft. of space at Manchester Goods Yard, which forms part of Enterprise City’s tech campus.

Shoosmiths real estate partners Vaqas Farooq and Daniel Monaghan led on the deal, alongside partner Judy Fawcett and associate Laura Green.

Earmarked for the former site of Granada Television Studios, Enterprise City will provide spaces for start-ups and small and medium-sized entities, as well as production facilities for media companies and buildings designed to attract global brands and industry leaders.

Daniel Monaghan, said: “We are delighted to have been able to advise Allied London on such a monumental deal for the city. With such a large number of assets associated with the partnership, there were many complexities to consider to bring the deal to completion.

“Enterprise City is an extremely significant project for Manchester, which will not only drive the success of our regional economy but create a global platform for us to be seen as a leader and innovator in digital, media and enterprise clusters.”

Michael Ingall, owner and chief executive of Allied London, added: “Enterprise City is a concept Allied London has envisioned from scratch. Within 18 months, we have created something of significant value and importance for both Manchester’s business community and the wider North West region.

“The transformation, re-adaption of old disused commercial buildings and a dynamic masterplan for new buildings was the catalyst for creating a new enterprise community for use by today’s modern industry.

“We are very grateful to the team at Shoosmiths for all of their hard work in helping this exciting partnership come to fruition.”

Latest

Heat Engineer Software Limited receives significant investment from Greenarc

Heat Engineer Software, the Lancashire based company at the forefront of heat loss calculations and the sizing of both renewable and traditional heating equipment,...

Pioneering project to change way people travel in Britain

A pioneering project is set to transform how people explore and move across Britain and Ireland. Slow Ways, a non-profit Community Interest Company, has already...

Ai Law Honoured as 2025 Legal Team of the Year at National Property Awards

Ai Law is delighted to announce its latest accolade—being named “Legal Team of the Year” at the 2025 Sunday Express Construction and Property Awards....

Nudie Jeans opens its doors in Manchester

Nudie Jeans has opened a brand new Nudie Jeans Repair Shop in Manchester. Located in the heart of the Northern Quarter, this marks the brand’s...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Heat Engineer Software Limited receives significant investment from Greenarc

Heat Engineer Software, the Lancashire based company at the forefront of heat loss calculations and the sizing of both renewable and traditional heating equipment,...

Pioneering project to change way people travel in Britain

A pioneering project is set to transform how people explore and move across Britain and Ireland. Slow Ways, a non-profit Community Interest Company, has already...

Ai Law Honoured as 2025 Legal Team of the Year at National Property Awards

Ai Law is delighted to announce its latest accolade—being named “Legal Team of the Year” at the 2025 Sunday Express Construction and Property Awards....

More News

How Manchester’s Tech Startups Are Powering Growth with Headless CMS Architecture

In no time at all, Manchester has emerged as one of the UK's leading technology hubs. The city is home to a vibrant startup...

St George’s Day parade returns to Manchester

The St George's Day Parade, a beloved fixture in Manchester's event calendar for nearly two decades, returns on April 27 with its vibrant celebration...

Manchester prepares to mark VE Day

Celebrations to commemorate the 80th anniversary of VE Day are set to take place throughout Manchester. On May 8, 80 years will have passed since...