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Ward Yates has advised MTD Group on its entry into a £280 million loan facility with AustralianSuper and TH Real Estate to develop One Crown Place, London.
Malaysian conglomerate MTD Group is an infrastructure-based group, established in 1993 and headquartered in Kuala Lumpur. MTD Group is active in civil engineering, construction, real estate and property development.
One Crown Place, situated just a few minutes from Liverpool St station, is a striking mixed-use development and when completed will comprise 136,000 square feet of office space, a 7,000 sq ft retail component, a 41-bed boutique hotel and 246 luxury residential units.
Ward Yates, led by partner Elaine Kelly, worked closely with MTD’s onshore counsel Allen & Overy LLP, led by real estate finance partner, Arthur Dyson. AustralianSuper was advised by Linklaters LLP and Carey Olsen.
Elaine said “we are delighted to have advised MTD on such an exciting and significant transaction.”
Tee Kim Siew, MTD’s chief executive, said “we are very pleased with this transaction and the efficient and successful collaboration between multiple stakeholders across the globe. This is a great milestone for us and we are extremely proud of our team that delivered this result.”
