Contact

John Rochester

John Rochester

Mourant LP Partner | Guernsey

Alana Gillies Ridout

Alana Gillies Ridout

Partner | Guernsey

Mourant advises Hines on off-market acquisition

05 November 2021

Mourant's Corporate team has advised Hines, the international real estate firm on its acquisition of 18 Blackfriars Road, a 1.8-acre development site in a prime Central London location, with planning consent for a mixed-use scheme.

The acquisition was structured as a purchase of a Guernsey incorporated holding company. Guernsey based partner John Rochester, together with Alana Gillies and Emma Alderton, lead a multi-jurisdictional team spanning Mourant's Guernsey, Jersey and BVI offices to support lead counsel BCLP on the corporate aspects of the transaction.

Hines has a strong recent track record of investing in London, capitalising on the demand for high-quality office and mixed-use spaces, and will lead the development with development specialists Lipton Rogers Developments. Upon completion, the site will have a gross development value in excess of £1 billion.

Mourant Partner John Rochester commented: "We are delighted to have supported Hines on this landmark transaction, alongside the BCLP deal team, and are very much looking forward to following Hines' plans for the site – we are particularly excited by Hines' commitment to ensuring ESG is at the forefront of this exciting project."

Contact

John Rochester

John Rochester

Mourant LP Partner | Guernsey

Alana Gillies Ridout

Alana Gillies Ridout

Partner | Guernsey

About Mourant

Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.

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