Clifford Chance wins mandate on £1bn Battersea Power Station ‘phase 2’ construction

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Clifford Chance has been instructed by Battersea Power Station Development Company on its £1bn phase two and three redevelopment in London.

The firm has advised on the landmark real estate project since 2012 when it was drafted in alongside Ashurst and Linklaters to advise on its £1.96bn debt restructuring. It has also advised on the extension of the Northern Line underground station at the site, which will begin construction in March.

Clifford Chance is now advising on the next phase of the development, which involves the change of the redevelopment into a mixed-use scheme. The work is being led by Clifford Chance head of UK real estate development Marianne Toghill, who is supported by senior associates Anna Cornelius and  Laurelle Ko and associate Adam Waite.

King & Wood Mallesons and Berwin Leighton Paisner (BLP) last year advised on a pre-let of Battersea Power Station to Apple that generated construction costs of over £1bn. Apple is set to move its UK headquarters to the site in 2021.

The Battersea Power Station development is costing a total £8bn and has brought a wave of lucrative real estate mandates to City firms.

The post Clifford Chance wins mandate on £1bn Battersea Power Station ‘phase 2’ construction appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.



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