26 January 2017
Clifford Chance advises Battersea Power Station Development Company on one of London’s most important and iconic urban regeneration projects
International law firm Clifford Chance is advising Battersea Power Station Development Company on the construction aspects of the landmark Battersea Power Station redevelopment in London. The firm has advised on the project since 2012, initially supporting on its Northern Line underground extension, a critical element to the commercial success of this iconic project. The enormous tunnel boring machines were unveiled on site this week, and tunnelling has recently been scheduled to begin March 2017.
Clifford Chance is now advising on Phase 2: the redevelopment of the listed power station building itself into a mixed-use scheme, recently the subject of a major pre-let to Apple, with construction costs over £1 billion; and phase 3: the construction of a Fosters and Gehry-designed, mixed use scheme, again with construction costs over £1 billion.
The Clifford Chance team is being led by, Head of UK Real Estate Development – Construction, Marianne Toghill. Marianne is supported by senior associates Anna Cornelius and Laurelle Ko, and associate Adam Waite.
Marianne Toghill comments: 'We are delighted to continue our support on this exciting project and are pleased that the ambitions for the redevelopment of the Power Station are now being realised. This unique UK/Malaysian partnership plays to the strength of Clifford Chance's international expertise and we have been able to draw upon the team's extensive market knowledge and experience to advise on all three current phases of construction. The project will set new standards for development in the capital and we are immensely proud to be involved.'
The Clifford Chance Real Estate Development team has been involved in some of the market's most significant development transactions, advising leading developers, funders and occupiers on major projects.