13 June 2019
Clifford Chance advises Native Land on South Kensington Underground Station Development Project
International law firm Clifford Chance has advised Native Land in connection with the formation of a joint venture with Transport for London for the development at South Kensington London Underground Station and the surrounding area.
Throughout the bidding process, the Clifford Chance team advised Native Land on the transaction structure and all aspects of the joint venture and property documentation, drawing on its experience of complex developments with interface with railway assets. The proposals include improvement work in the station (step-free station access and a new entrance on Thurloe Street), restoring and improving historic buildings and streets and the development of new residential units, shops and workspaces in the neighbouring area. The transaction capitalises upon the recent work that the firm has undertaken for Native Land on their urban regeneration project at Bankside - a scheme which entails the demolition of Ludgate House and Sampson House to create a new 1.4 m sq ft mixed use neighbourhood on the south side of the Thames.
Commenting on the transaction, Partner Ian Painter said: "This is an exciting development project and we were pleased to support Native Land throughout the transaction. This project will not only improve the busy Grade-II listed station and the streets nearby, but will also provide new homes and a mix of retail spaces and offices to inject new energy into this area of distinctive character."
Partner Ian Painter and Senior Associate Amina Tacconi were supported by Associate Rose Laitner. Construction advice was provided by Head of UK Real Estate Construction, Marianne Toghill, supported by Senior Associate Adam Waite.