London—Dentons has advised real estate developer Danescroft Land Limited, as part of a joint venture with Bridges Fund Management, on the acquisition of Ashdown House in Hastings, St Leonards-on-Sea for future redevelopment.

The property is let under several occupational tenancies, including a letting to the Department of Work and Pensions and has been earmarked for a residential development scheme commencing in mid-2021. 

Deepa Deb, head of Dentons' UK real estate practice who led on the transaction, said, "We are delighted to have supported Danescroft on its investment in this prime, mixed-use development opportunity in the south of England. With its development track record, Danescroft is well placed to be able to take this forward."

Dentons led on the on the real estate, asset management and joint venture arrangements of the transaction on behalf of Danescroft.

Alongside Deepa Deb, the Dentons team included UK real estate associate Sam Johnston, UK Corporate partner Claire Armstrong, UK Construction partner Mark Macaulay, UK Corporate associate Kevin Timlin and UK Corporate senior associate Owen McLennan. 

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