Busy times continue in 2015 for Special Projects as latest deals hit £1bn
It’s been a busy start to 2015 for the Special Projects Team at law firm Shepherd and Wedderburn, with recent deals totalling a value in excess of £1 billion.
The team recently reached financial close on the £33m Greenfaulds High School in Cumbernauld this month - a design, build, finance and manage (DBFM) project under the Scottish Government’s Hub initiative for delivering major infrastructure projects. This follows on from two other DBFM transactions in December - the £45m Royal Edinburgh Hospital phase 1 in December and the £42.5 million Levenmouth High School.
The hectic festive period comes on the back of the team advising on the Scottish National Blood Transfusion Service’s significant new £43m National Centre of Excellence in October 2014, the country’s purpose-built facility aimed to modernise service delivery. Additionally, the team provided advice on Scottish aspects of the £745m Aberdeen Western Peripheral Route /Balmedie to Tipperty NPD Project; and on Viridor’s £175m energy recovery facility in Dunbar - both last month.
The team was also bolstered towards the end of the year with the arrival of Partners Stephen Colliston and Nigel Sievwright from Tods Murray - which Shepherd and Wedderburn acquired in October. As a result of the reinforced team and high activity levels, the practice has reinforced its enviable expertise across the sector with further high levels of confirmed activity in the pipeline.
Speaking on the news, Rhona Harper, head of special projects at Shepherd and Wedderburn, said: “We’re delighted to have had such a busy start to 2015 and continue where we left off at the end of 2014. Our offering is comprehensive, covering advice to both private sector and public sector involvement in major infrastructure projects. With the level of further activity in the pipeline already we look forward to working on these significant projects this year.”