Baker McKenzie Joins Battersea Power Station Line-Up in £600M Financing Deal
Two other firms reprise their roles on the latest deal at the iconic site.
September 13, 2019 at 04:16 AM
2 minute read
Baker McKenzie has joined the raft of firms advising on the regeneration of the iconic Battersea Power Station.
The latest deal sees the Battersea Power Station Development Company (BPSDC) complete a £600 million financing for phase three of the new development, which is being regenerated to play host to new shops and restaurants, as well as new residential and office space.
A cross-border Baker McKenzie team is advising a lending consortium that includes bookrunners Standard Chartered Bank, CIMB, Maybank and OCBC.
Bakers' London-based real estate partner Justin Salkeld and corporate partner Mike Webster are leading the team in conjunction with a Singapore banking and finance team led by partner Emmanuel Hadjidakis.
The development has already seen firms such as Linklaters, CMS, Norton Rose Fulbright, Addleshaw Goddard and Shoosmiths win mandates.
The phase three financing sees Addleshaws and Norton Rose reprise their roles for the BPSDC, with both firms having advised the company on previous phases of the development.
Addleshaws is advising on real estate aspects of the latest phase, with real estate partner Luke Harvey leading for the team, while Norton Rose is leading on the finance aspects of the deal for the company, with a team headed up by London finance partner Dan Kennedy.
In December, Addleshaws advised the BPSDC on the £1.6 billion sale of the six-acre Battersea site to Malaysian investors – asset management company Permodalan Nasional Berhad and the Employees Provident Fund Board of Malaysia, a retirement savings fund. Linklaters advised the buyers on that deal.
Last year, CMS advised the BPSDC on the pre-let of the remaining 40,000 sq ft available within the power station to a private members club, while Shoosmiths acted for new occupiers IWG.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
X Ordered to Release Data by German Court Amid Election Interference Concerns
Quinn Emanuel's Hamburg Managing Partner and Four-Lawyer Team Jump to Willkie Farr
Trump ICC Sanctions Condemned as ‘Brazen Attack’ on International Law
U.S.- China Trade War: Lawyers Label WTO Dispute Pointless, Clients Have Their Hands Tied
Trending Stories
- 1States Accuse Trump of Thwarting Court's Funding Restoration Order
- 2Microsoft Becomes Latest Tech Company to Face Claims of Stealing Marketing Commissions From Influencers
- 3Coral Gables Attorney Busted for Stalking Lawyer
- 4Trump's DOJ Delays Releasing Jan. 6 FBI Agents List Under Consent Order
- 5Securities Report Says That 2024 Settlements Passed a Total of $5.2B
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
