Helical And AshbyCapital’s Acquisition Of A Development Site In Farringdon

Clifford Chance advised the joint venture between Helical plc and AshbyCapital on the corporate acquisition of a major mixed use development site in the heart of Farringdon from a client of Nuveen Real Estate.

The site is situated on the corner of Charterhouse Street and Farringdon Road, just 100 yards from Farringdon Station, and has planning consent for a 192,000 sq ft building comprising offices and ground floor retail space. Construction is set to begin later this year with completion anticipated early in 2022.

The transaction team comprised Partner Ian Painter (Picture), who was supported by lawyers Holly Porter, Alex Pennington and Ivan Yuen, as well as Senior Associate Sarah Dawson. Luxembourg input was provided by Miruna Poenaru (lawyer) and Sascha Nolte (Senior Associate), while Head of Environment and Planning Nigel Howorth, Senior Associate Elizabeth Hardacre and lawyer Mark Mulholland advised on planning. Head of UK Real Estate Construction Marianne Toghill, Senior Associate Anna Cornelius and lawyer Charlotte Braine provided construction advice.

Involved fees earner: Charlotte Braine – Clifford Chance; Anna Cornelius – Clifford Chance; Sarah Dawson – Clifford Chance; Elizabeth Hardacre – Clifford Chance; Nigel Howorth – Clifford Chance; Mark Mulholland – Clifford Chance; Sascha Nolte – Clifford Chance; Ian Painter – Clifford Chance; Alex Pennington – Clifford Chance; Miruna Poenaru – Clifford Chance; Holly Porter – Clifford Chance; Marianne Toghill – Clifford Chance; Ivan Yuen – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Ashby Capital; Helical plc;