BCLP advises The Crown Estate on a £24bn landmark joint venture with Lendlease

Following a competitive tender process last year, international law firm BCLP was appointed to advise The Crown Estate (TCE) on its joint venture with Australian developer Lendlease. The joint venture is a landmark deal in the real estate market as it aims to progress some of the UK’s biggest regeneration schemes.

The joint venture will acquire six of Lendlease’s schemes comprising Euston Station (London), Smithfield (Birmingham), Silvertown (London), High Road West (London), Thamesmead (London), and Stratford Cross (London), which have a combined developed value of circa £24 billion. This includes over 26,000 homes and over 10 million square feet of commercial space.

The deal team was led by partners Chris de Pury (Real Estate), Adam Bogdanor (CREF), Celia Berg (Real Estate), and Elizabeth Bradley (Tax), who were assisted by a team comprised of over 60 UK lawyers spread across various practice groups, including:

Partner Luke Mines, Associate Director Laura Patao-Caminas, Senior Associate Jacquelynne Baey, Associates George Dunne and Jack Pepper and Trainee Solicitor Betsy Bowman-Hood (Corporate Real Estate Finance); Partners Janany Kathirgamanathan, Ruth Miller and Chris Rowe, Associate Directors Katy Peacock, Sally Sparrow and Mark Mallon, Senior associates Rachel Sheridan and Lauren Bishop, and Associate Ruth Scott and support from Vanessa Charman (Real Estate); Partner Kate Ison, Associate Director Paul Williams, Senior Associates Morgan James and Alex Cheetham (Tax); Partners Chris Bryant and Andrew Hockley and Senior Associate Sonja Hainsworth (Antitrust and Procurement); Partner Giles Pink (Planning); Senior Project Manager Kevin Shine (Legal Project Management); Senior Associate Edward Gardner (Real Estate Disputes); Partner Patrick Johnson; Partners Benedict West and Taslima Salam, and Associate Shanshan Wu (Real Estate Finance); Partner Geraldine Scali (Data Protection); Knowledge Counsel Anna Blest, and Associates Eleanor Powell, Vishnu Rege and Oliva Wint (Technology and Commercial); Associate Director James Anderson and Associate Jemima Rawding (Employment); Associate Daria Lukoianova (Commercial Lending); and Partner David Rundle and Senior Associate Joseph Ninan (Financial Services and Disputes and Investigations).