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Declan Power

Partner, Commercial real estate 020 3465 4335 dpower@maplesteesdale.co.uk vCard
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Profile:

Declan is Head of Real Estate at Maples Teesdale and is one of the UK’s leading real estate development lawyers working on high profile projects in the offices, industrial/logistics, town centre repositioning, life sciences, and living sectors, for both developers and institutional funders.

Professional experience:

  • Acted for Corporation of London on development agreement and geared 150 year investment lease with developer, Ivanhoe Cambridge/CORE, for 250,000 sq ft redevelopment of Stonecutter Court in the City, a £350m office and retail project.  Major pre-let of the offices to Travers Smith.
  • Acting for YOO Capital on the development of a large site at their Shepherds Bush Market scheme for a 400,000 sq ft mixed use project including offices, incubator space in conjunction with Imperial College, and affordable housing in a JV with the London Borough of Hammersmith and Fulham.
  • Acting for Aberdeen Group forward funding the development of care homes and PBSA schemes.
  • Acted for Legal & General on the purchase repositioning and subsequent sale of the Grafton Shopping Centre in Cambridge including proposed alternative uses within the scheme of a hotel, serviced offices, a maths school and student accommodation, plus a cinema re-gear and refurbishment of the malls.
  • Forward commitments for Columbia Threadneedle including a Barberry development in Birmingham of a high end logistics scheme pre-let to marine parts manufacturer, Truflo.
  • Acted for Mace Developments on a development agreement and geared headlease with Trinity College, Cambridge for 200,000 sq ft office scheme on Cambridge Science Park.
  • Acted for Chelsea Football Club on part of their £1bn CFC redevelopment project (currently in abeyance).
  • Acting for Corporation of London on a project with developer, GPE, for the development of 2 Aldermanbury Square in the City as offices and retail/public realm, end value circa £500m.
  • Advising leading international law firm, Eversheds Sutherland LLP, on their occupational requirements in the UK including their pre-let of circa 50,000 sq ft of space at the Two New Bailey scheme in Manchester, being developed by English Cities Fund, a JV between Muse, L&G and the local Council.
  • Acted for Legal and General on purchase of a Tesco distribution unit development and adjacent railport operation from Stobart for £60m.
  • Acting for Yoo Capital on the development of their Shaftesbury Avenue site as a theatre for Cirque du Soleil, a restaurant and a CitizenM Hotel.
  • Acting for private equity backed developer, Firethorn Trust, on £350m end value logistics development site in the Midlands.

Professional history: 

  • Associate, Norton Rose, 1989 – 1998
  • Partner, Maples Teesdale, 1998 onwards

Memberships:

Awards and recognition:

  • Recognised as one of the Best Lawyers in UK Real Estate law
  • Leading Individual Band 1 Chambers 2023 and 2024
  • "Declan is pragmatic, knowledgeable and a pleasure to work with. I can't rate him highly enough." Chambers 2024
  • "I enjoy working with Declan. He's a pragmatic, sensible and patient lawyer." Chambers 2024
  • "A very responsive and integrated firm, where the real estate teams work well together to provide a seamless performance."
  • ‘Maples Teesdale is a specialist property firm. They have skills and experience comparable to a much larger firm’s real estate team. I have worked with Maples for ten years and have always found them to be highly professional, capable and generally good people to work with.’
  • Declan Power is the standout name on the projects front and handles a range of matters, including forward funding and purchases, joint ventures and development agreements, chiefly in respect of retail, mixed-use, office and industrial schemes. Legal 500 2022
  • 'Attention to detail and easy access to partners. Declan Power stands out in particular as someone I would appoint in the future to provide commercial property legal advice.' Legal 500 2021
  • 'Declan Power and Roger Thornton have vast experience and know how to solve issues and get deals done.' Legal 500 2020
  • 'Outstanding operator Declan Power is very responsive, commercial and practical.' Chambers 2019
  • 'Excellent real estate lawyer Declan Power is known as an outstanding choice for larger transactions, both on development and investment matters.'

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