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Declan Power |
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Partner, Commercial property department |
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020
3465 4335 |
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Specialisms: |
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Commercial
property development; retail, offices, mixed
use, and industrial/distribution including
forward funding, forward purchases, joint venture
agreements, development agreements, rent sharing
leases, construction aspects and warranties,
rights of light, stopping up orders and planning |
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Commercial
property investment sales and purchases |
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Commercial
property asset management, including new lettings,
lease renewals and lease regearings |
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| Career: |
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Trained
at Hill Dickinson and qualified in 1989 |
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Assistant
Solicitor at Norton Rose 1989-1998 |
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Partner
at Maples Teesdale 1998 |
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Notable
transactions
and relevant
experience: |
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Acted
for developer on scheme in Savile Row, London
W1 comprising 40,000 sq ft of offices, retail
and residential development. Scheme involved
a development agreement with the freeholder
and a funding agreement with the Fund. Likely
value of completed scheme is around £40
million |
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Acted
for Fund on forward funding of a retail warehousing
scheme in Tunbridge Wells owned by a joint
venture. The property was pre-let to four tenants
and the deal was completed within 2 weeks with
the fund committing around £55 million
to the project |
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Acted
for landowner on a joint venture with a developer
to obtain planning for and develop an office
or alternative user scheme in the City of London |
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Acted
for Fund on a joint venture with a developer
which acquired for around £13 million
a development site in Maddox Street, London
W1. The joint venture team obtained planning
consent, developed, let and sold the 70,000 sq. ft mixed use
scheme on the site comprising mainly offices
with ground floor level retail and adjoining
residential |
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Acted
for bank on the financing of a £20 million
scheme with developer on a residential scheme
in Tower Hamlets, including social housing.
The project had a complicated legal structure
including a Development Agreement between the
developer and the Housing Association which
owned the land, a Section 106 Agreement, agreements
with Network Rail and London Borough of Tower
Hamlets as adjoining land owner, Housing Association
regulatory consents, and the loan documentation
itself. Security had to be taken over all of
the project development and construction documentation,
including warranties from the construction
team, and over the land interests. The scheme
has been built and will delivered around 100 high quality private
residential units together with much needed
social housing accommodation and a doctor’s
surgery |
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| Education: |
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Baines
School, Blackpool, Lancashire |
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Leicester
University – LLB Law with French (including
1 year spent at Strasbourg University) |
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College
of Law, Guildford |
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Membership
of
Professional/
Academic Bodies: |
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The
British Council for Offices |
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