BLP wins sole adviser mandate for Crown Estate's London construction work
BLP wins new sole adviser role for Crown Estate after replacing KWM on £7bn central London portfolio
November 24, 2017 at 06:30 AM
2 minute read
The Crown Estate has appointed Berwin Leighton Paisner (BLP) as its sole adviser for strategic construction work within central London.
The appointment, which is for a five-year term, comes after BLP was chosen to replace King & Wood Mallesons (KWM) this January as the Crown Estate's sole adviser on its £7bn central London portfolio.
BLP will now advise the property manager on construction projects for both its existing London real estate - which covers nine million sq ft of commercial property across Regent Street and St James's - and new development work.
It is understood that Crown Estate general counsel Rob Booth ran the tender process, which has taken place over the last three months.
A Crown Estate spokesperson said: "The Crown Estate is pleased to confirm that BLP has been successful in tendering for its strategic construction work and will support the Crown Estate in delivering the next phase of its development pipeline."
Other recent changes to the Crown Estate's legal advisers include the appointment of Hogan Lovells to its energy, minerals and infrastructure panel. The firm replaced Norton Rose Fulbright, with Bond Dickinson retaining its spot on the roster after a competitive tender process.
The Crown Estate also operates a rural and coastal portfolio and Windsor estate legal panel, to which Burges Salmon and Bond Dickinson were appointed in 2014. Burges Salmon advises on the estate's rural assets and the Windsor estate, while Bond Dickinson has responsibility for coastal holdings.
BLP has won a number of major real estate mandates over the past year, including a first-time appointment for Chinese property developer CC Land on its £1.15bn acquisition of London's Leadenhall Building, better known as The Cheesegrater.
The firm, which is currently gearing up for a proposed merger with US firm Bryan Cave, also secured another three-year appointment as Tesco's lead property adviser this April.
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