Walkers’ Jersey Banking & Finance team has advised a consortium of lenders on the financing aspects of Phase 3B of the ongoing landmark redevelopment of the Battersea Power Station site.
A team led by Group Partner Jon Le Rossignol, closely assisted by associate Meg McAuley and with support from senior counsel Julia Keppe, has advised the lenders on the Jersey law aspects of the financing of the latest phase of the development known as Phase 3B, to enable the delivery of high-quality office space as well as over 200 residential units.
The Walkers team in Jersey continued to assist the lenders behind the project, working with onshore counsel from Baker Mackenzie’s Singapore office, and having previously advised the lenders financing the project on all phases of the record-breaking development.
Jon Le Rossignol (pictured) said: “We are delighted to once again have supported the lenders in in the latest phase of this iconic development. A great example of the top-of-the market real estate finance work our team is regularly involved in.”
Partner Jonathan Heaney, who has been acting on the Jersey law aspects of the project since its inception added: “We have significant experience across our corporate and banking teams in respect of RE holding structures for high value London real estate assets, and projects like this continue to illustrate the faith the market has in Jersey for holding assets of this type.”
