Walkers Jersey advises on next stage of Battersea redevelopment

Wednesday 14 July 2021

Walkers' Banking and Finance team in Jersey has advised a consortium of lenders on financing aspects of the iconic Battersea Power Station’s next stage of redevelopment.

Known as ‘Phase 3B’, the next step aims to deliver new office space and more than 200 residential units.

A team led by Group Partner Jon Le Rossignol, assisted by Associate Meg McAuley and Senior Counsel Julia Keppe, advised the lenders on the Jersey law aspects of funding this step, having previously advised lenders financing the project on all phases of the record-breaking development.

Pictured: Group Partner Jon Le Rossignol.

During this latest phase, the team worked with onshore counsel from Baker Mackenzie's Singapore office.

Mr Le Rossignol said the team was "delighted to once again have supported the lenders in in the latest phase of this iconic development”, adding that it was “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: “…Projects like this continue to illustrate the faith the market has in Jersey for holding assets of this type."