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Declan Power

Declan Power

Declan Power

Position
Partner, Commercial property
Telephone
020 3465 4335
Email
dpower@maplesteesdale.co.uk
vCard
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Secretary: Yvanne Robinson
020 3465 4362
yrobinson@maplesteesdale.co.uk

Sector expertise:

  • Commercial property development;  retail, offices, mixed use, student accommodation 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
  • Commercial property investment sales and purchases , including portfolio sales and purchases, sales and leasebacks and purchases or railports
  • Commercial property asset management, including new lettings, lease renewals and lease regearings


Professional experience:

  • Acting for Legal and General on the purchase of Dolphin Shopping Centre, Poole for circa £60 million, the regearing of the investment leases with the Council, circa £17 million of expenditure to upgrade the centre and its public realm; and re-lets to New Look, H & M, Deichmann and a boutique cinema operator, the reposition the Centre’s offer
  • Acting for developer, London & UK, on the acquisition and development financing of Globeworks’ student accommodation scheme in Birmingham with PGIM and Hyde Park Finance through an innovative sale and leaseback tax-driven finance deal
  • Acting for developer, City & West End, on a scheme in Savile Row, London, W1, comprising 40,000 sq ft of offices, retail and residential development.  The scheme involved a development agreement with the freeholder and a funding agreement with Standard Life.  Value of completed scheme around £40 million
  • Acting for funder, Royal & Sun Alliance, on forward funding of a retail warehousing scheme in Tunbridge Wells owned by a joint venture developer.  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
  • Acting for Legal and General on purchase of a Tesco distribution unit development and adjacent railport operation from Stobart for about £60 million


Professional history: 

  • Trained at Hill Dickinson and qualified in 1989
  • Assistant Solicitor at Norton Rose 1989-1998
  • Partner at Maples Teesdale 1998


Memberships of professional / academic bodies: 

  • REVO

Awards and Recognition:

  • Declan has been included in both Chambers UK and Legal 500 UK for his work in commercial real estate. 
  • "Outstanding operator"  Declan Power is "very responsive, commercial and practical," according to sources. He undertakes development work, asset management and investment matters on behalf of blue-chip clients. Chambers 2018
  • The ‘tenacious and reliable’ Declan Power acted for London & UK Property on the purchase of The Globeworks, Birmingham, and ensuing student accommodation development scheme. Legal 500 2017
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