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Declan Power, Partner, Maples Teesdale LLP

Declan Power

Partner at Maples Teesdale LLP

London, United Kingdom

About Me

Declan is a real estate lawyer dealing with investment, development, and asset management work. Specific deals include:

•Acted on the acquisition of Jackson Square Shopping Centre, Bishop’s Stortford, for Legal and General. The Centre has more than 50 units and is anchored by Sainsbury. Also acted for L&G on the purchase of the Dolphin Centre, Poole, a 435,000 sq. ft. covered centre with circa 130 units, for circa £60million.•Acted for Rockspring on the acquisition of the Greenridge portfolio (11 properties) for circa £40million, including subsequent financing of the portfolio with a bank. 

•Acted for City & West End on scheme in Savile Row, London W1 comprising 40,000 sq ft of offices, retail and residential development. Scheme involved a development agreement with the freeholder and a funding agreement with the Fund. 

•Acted for 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 

•Acted for Lloyds TSB on the financing of a £20 million scheme with developer on a residential scheme in Tower Hamlets, including social housing. The project had a complicated legal structure including a Development Agreement between the developer and the Housing Association which owned the land, a Section 106 Agreement, agreements with Network Rail and London Borough of Tower Hamlets as adjoining land owner, Housing Association regulatory consents, and the loan documentation itself. 

•Acted for Legal & General on purchase of Tesco distribution unit development and adjacent railport operation from Stobart for around £60 million

•Acting for various developers on negotiation of development management agreements with property owners including sharing of development profit.

•Acted for investor on purchase and leaseback to owner/operator of two regional distribution units for circa £20 million.

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