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Muckle LLP helps BEL Valves secure £10m Quayside subsea facility

11th Mar 2015 | Corporate Finance

We are pleased to announce we have been advising BEL Valves on the establishment of a new £10m subsea engineering facility for Newcastle’s Quayside.

Plans for the 20,000 sq ft Neptune Test Centre on the now derelict Spillers Tyne Mill site, which will house four hyperbaric chambers that simulate the environment of subsea depths up to 4,500 metres, have now been approved.

The work required us to set up a joint venture company between BEL Valves and Newcastle University.  Legal advice was led by Corporate Partner, Philip Clare, alongside solicitor Matthew Walsh and banking associate, Kevin Maloney.

Jo Wilkes of British Engines, said: “We have worked with Muckle LLP for many years and we were pleased to be working with them once again on this high-profile project.

“Dealing with public funding can be a complex process and we were able to seek effective advice and support when we needed it from the Muckle team.”

As well as the testing facilities, the centre will also house dedicated research and development offices for the university, training rooms, conference rooms and visitor facilities, such as break out rooms.

Matthew Walsh, solicitor at Muckle LLP, added: “We are delighted to have been able to work with BEL Valves on this hugely important facility, which will provide market leading facilities in our region."

For more information, help or advice please contact Philip Clare on 0191 211 7971.

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