Native Land’s Joint Venture With Transport for London

Clifford Chance 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.

The Clifford Chance team was composed by Partner Ian Painter (Picture) 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.

Involved fees earner: Rose Laitner – Clifford Chance; Ian Painter – Clifford Chance; Amina Tacconi – Clifford Chance; Marianne Toghill – Clifford Chance; Adam Waite – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Native Land Limited;