Clifford Chance has advised Helical plc on the acquisition from Transport for London (‘TfL’) of a proposed over-station development at Farringdon East Crossrail station, London.
The development will lead to the creation of an office-led scheme with a gross development value of over £120m.
The transaction involved negotiating a development agreement and a 150-year investment rent-sharing lease with TFL and Crossrail, as well as simultaneously acquiring a series of companies by way of share acquisition from a consortium of former landowners.
The transaction team comprised Partner Ian Painter (picture), assisted by Senior Associate Lindsay Mann. Construction advice was provided by Head of UK Real Estate Construction Marianne Toghill and Associate Adam Waite. Planning advice was provided by Head of Environment and Planning Nigel Howorth and Senior Associate Kirsty Souter. Real Estate Finance input was provided by Partner Jane Cheong Tung Sing and Senior Associate Jennifer Bolton.
Involved fees earner: Ian Painter – Clifford Chance; Lindsay Mann – Clifford Chance; Marianne Toghill – Clifford Chance; Adam Waite – Clifford Chance; Jane Cheong Tung Sing – Clifford Chance; Nigel Howorth – Clifford Chance; Kirsty Souter – Clifford Chance; Jennifer Bolton – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Helical plc;