Jersey-based law firm Ward Yates has advised Malaysian conglomerate MTD Group on its entry into a £280 million loan facility with AustralianSuper and TH Real Estate to develop One Crown Place in London.
MTD, an infrastructure-based group headquartered in Kuala Lumpur, is active in civil engineering, construction, real estate and property development.
One Crown Place, situated close to Liverpool Street station in London, is a mixed-use development and when completed will comprise 136,000 sq ft of office space, a 7,000 sq ft retail component, a 41-bed boutique hotel and 246 luxury residential units.
Ward Yates, led by Partner Elaine Kelly, worked with MTD's onshore counsel, Allen & Overy, which was led by Real Estate Finance Partner Arthur Dyson. AustralianSuper was advised by Linklaters and Carey Olsen.