Freshfields advises Oxford University on the £200m funding for its new ‘Life and Mind Building’ research facility
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Oxford University on its £200m funding facility from Legal & General to deliver its ground-breaking new ‘Life and Mind Building’ research facility. The development is part of Oxford’s up to £4bn, ten-year joint venture programme with L&G - formed in 2019 - to develop student and staff accommodation and research facilities, which Freshfields also advised Oxford on. L&G will act as developer and asset manager on the project.
The ‘Life and Mind Building’ is Oxford’s largest ever building project to date. The development consists of 25,000 sqm of cutting-edge facilities to house its Zoology, Plant Sciences and Experimental Psychology departments. Construction is expected to begin in July 2021 and is scheduled for completion in 2024. The space will host teaching and research laboratories, lecture halls, study and break-out rooms, a café and office space. The project is further evidence of Oxford’s continuing ambition to be one of the world’s leading and innovative teaching and research institutions.
The Freshfields team was led by Real Estate partner Alex Watt, supported by partners Roger Schofield (Real Estate), Jane Jenkins (Dispute Resolution) and May Smith (Tax). Vanessa Jakovich advised on planning.
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