British Land: Project Heritage - March 2005

Robert Hickling and Gareth Rigby advised The British Land Company PLC and subsidiary companies on the complex issues of Jersey law arising out of the £2.08 billion commercial mortgage backed securitisation relating to the Broadgate Estate. This is believed to be the largest ever UK CMBS transaction.

The transaction is funded by rental streams from the Broadgate Estate, a 30-acre site adjoining Liverpool Street station. The Broadgate Estate is said to be the premier City of London office estate. It comprises over 370,000 sq m (4.0 million sq ft) of office, retail and leisure accommodation. Approximately 30,000 employees are based at Broadgate.

Mourant worked with Simmons & Simmons and Allen & Overy.