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Nabarro advises Quintain on landmark urban development deal
26 November 2010
Nabarro has advised Quintain Estates and Development plc on its appointment as "platinum partner" to provide development management services to Living-PlanIT S.A., an urban technology specialist with the right to develop 1,700 hectares at Paredes in Northern Portugal. Using a new approach to design, construction, operation and maintenance, Living PlanIT's technology enables more intelligent and sustainable urban-scale environments. Its first scheme in Portugal, PlanIT Valley, is endorsed by the Portuguese Government, and awarded Project of National Importance designation. Cisco, the leading information technology company, intends to create its first global innovation centre for sensor networks at PlanIT Valley.
Nabarro's team was led by corporate partner Kristy Duane, who was assisted by intellectual property partner Louise Gellman, real estate partner Rob Raimes and corporate associate John Finnemore.
Commenting on the deal, Kristy Duane said:
"This is a very exciting opportunity for Quintain. Not only will this agreement generate substantial revenue with no equity requirement from the Company it will also create a unique exposure for their development team to new approaches and technology that can be profitably grafted on to their major schemes in London. We are delighted to have been able to assist Quintain with this agreement, which was negotiated in a very short time scale, across three jurisdictions.”
For more information please contact:
Kristy Duane
Nabarro
T +44 (0)20 7524 6568
k.duane@nabarro.com
