Mishcon de Reya acted for a joint venture between Delancey’s DV4 client fund and the LRC Group upon the sale of the iconic Royal Mint Court site to the People's Republic of China.
Located on the edge of the City, overlooking the River Thames, and opposite the Tower of London World Heritage Site, the history of the property can be traced back to 1349 and The Royal Mint, previously housed in the Tower of London, moved to the site in 1809.
The property benefitted from planning permission to build a 600,000 square foot, £750m office scheme. The 5.4 acre site will now be redeveloped by the People's Republic of China as its new UK embassy.
Delancey managing director Paul Goswell said the JV had been fully committed to the proposed redevelopment, but having received an unsolicited offer from the People’s Republic of China decided “the scale of the buildings make it one of a kind in the City of London and undeniably perfect for the needs of a prestigious embassy”.
The Mishcon team was led by Stephen Hughes and Matt Bowles in the real estate department with assistance from Chhavie Kapoor in the property litigation department and Simon Hunter and James Brownlie in the construction department.
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