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Ocorian selected to administer on Phase 2 of Battersea Power Station transaction

Ocorian selected to administer on Phase 2 of Battersea Power Station transaction

We are delighted to share that we were selected as corporate administrator for one of the UK's largest single-asset transactions.

Battersea Power Station

An Ocorian Real Estate team consisting of Steve Ellis, Paul McGinness, Jackie Noble and Nick Terry assisted Malaysian joint venture partners, Permodalan Nasional Berhad (PNB) and the Employees Provident Fund (EPF) on the purchase of the commercial elements of Phase 2 of London's iconic Battersea Power Station in March.

At a value of £1.58bn, this landmark transaction is one of the largest single-asset deals ever done in the UK and comes with a large (and complex) financing package involving a consortium of international banks. Ocorian have been engaged to provide administration and accounting services to the joint venture entities and administration services to the asset holding entities.

Nick Terry, Executive Director of European Real Estate at Ocorian, said, "we are delighted to be involved with such an iconic building and we very much look forward to assisting the JV partners through the development and delivery of this exciting and transformational project."

You can find out more about our Real Estate service offering here or contact one of our team below.

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