Law firm Browne Jacobson has advised Cheltenham Borough Council on its £37.5m investment into a cyber central development in the West Cheltenham area.
The acquisition, which will see the council become a major landowner of the planned Cyber Central development, supports the authority’s vision to deliver a new garden community space which promises various cyber business and employment opportunities and smart green living space for Cheltenham.
Zo Hoida, Real Estate Partner at Browne Jacobson who led on the deal, said: “We are delighted to have worked with the council on getting this great opportunity off the ground and helping them realise their strategic goals.
“Cheltenham is already known in the UK market for its specialisms within the cyber tech arena but this development plan will really demonstrate how they are leading the way in supporting local communities and businesses and providing a wealth of economic benefits to its residents.
“Our real estate team have a breadth of experience in advising on complex land purchases across the UK particularly involving the public sector so it has been great to further boost our portfolio with this interesting project.”
Cllr Andrew McKinlay, cabinet member for development and safety at Cheltenham Borough Council, said: “This project is of huge local, regional and national significance, it’s much more than just another business park. That’s why acquiring the land is seen as a critical step taken by the council in ensuring that, together with the support of our project partners, we get the very best from the development.
“This is a key stage in an exciting story that will unfold over the months and years to come, as we prepare for the future, become a magnet for the county and support thriving communities and flourishing businesses.”