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.
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.