76 LAWYER MONTHLY OCTOBER 2023 Global Holdings’ Construction of Largest Full Timber Structure in the UK About the Deal Memery Crystal advised Global Holdings on the design, development and construction of its net-zero carbon office building, the UK’s largest full timber workplace structure to date. The LETI Pioneer building comprises 95,000 square feet of space and was designed with circular economy principles in mind, with green construction methods and sustainable materials to be used during the building process. It is set to deliver a significantly reduced carbon footprint relative to typical office buildings, outperforming the UK Green Building Council’s Net Zero Office target. It also exceeds GLA and Camden policy targets for energy efficiency and sustainability. In addition to its green design principles, the LETI Pioneer building also prioritises human wellbeing. The building features landscaped terraces on most levels, a communal yoga deck and rooftop garden, a ground-level restaurant and active commuting hub, and large windows to maximise natural daylight. Enabling works will begin this year, with on-site work to commence in early 2024 and a projected completion date of Q1 2026. Memery Crystal advised Global Holdings with a team including Head of Construction Jo Kelly, Legal Director James Ashwin, and paralegal Meera Pankhania. Transaction Interview Legal Advisor to Global Holdings:
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