Edward Hughes-Power, Partner, Real Estate

Edward Hughes‑Power


Personal Profile

Ed is a Partner in the Commercial Real Estate department, with specialist expertise in high value investment sales and acquisitions across all sectors and commercial and residential-led development projects, including student and PRS/build-to-rent schemes. He regularly advises on real estate finance transactions with a particular emphasis on development finance. In addition, Ed is highly experienced in landlord and tenant matters, particularly on significant pre-let agreements.

Ed acts for a broad spectrum of clients ranging from quoted corporates and UK and overseas property companies to developers, banks and private investors. His clients include Derwent London Plc, Endurance Land LLP, Nan Fung Group, O&H Properties, PGIM Real Estate, GWM Capital, Watkin Jones Plc (one of the UK’s leading developers and managers in the build to rent and student sectors), specialist student developer Fusion Students and the build-to-rent investor and operator Fizzy Living.

His recent highlights include advising Derwent London on the pre-letting of the Brunel Building (one of the last major sites to be developed in Paddington Basin) to Sony Pictures Entertainment, Premier League, Hellman & Friedman and a number of other tenants. Ed also acted for Watkin Jones PLC on the proposed build to rent development of significant scale at the Titanic Quarter, Belfast, and advised Hong Kong based investor Nan Fung Group and developer Endurance Land on two pre-lets totalling 114,000 sq ft within The Bailey in the City of London. He has also led the firm's first deal for new client and co-working space provider, The Office Group.

Key Experience

  • Acting for Pirrie Belfast Limited, an SPV held by our client Watkin Jones PLC, one of the UK’s leading developers and managers in the residential build to rent sector. The transaction facilitates a proposed build to rent and affordable housing development of significant scale at Plots 9, 11 and 11a, Titanic Quarter, Belfast, Northern Ireland. Titanic Quarter is one of Europe’s largest urban waterfront regeneration projects and comprises historic maritime landmarks, film studios, apartments, a riverside entertainment district and the world’s largest Titanic-themed attraction. The development value across the private, commercial and retail elements of the proposed scheme is circa £145m. 
  • Advising Derwent London PLC in relation to the acquisition, disposal, development and letting of a number of properties within their London portfolio including the pre-letting of the Brunel Building (one of the last major sites to be developed in Paddington Basin) to Sony Pictures Entertainment, Premier League, Hellman & Friedman and a number of other tenants. He has also advised on the redevelopment and pre-let of premises at Middlesex House, 34-42 Cleveland Street to the architects, MAKE Limited.

  • Acting for The Office Group (TOG), who have agreed to take a 20-year lease of 68,600 sq. ft. office space at Meyer Bergman’s £300 million Borough Yards scheme on the site of the former Vinopolis wine bar. The development comprises a mixed use scheme of over 197,000 sq. ft., which takes in the Vinopolis venue and neighbouring sites in and around London Bridge’s Victorian railway arches. Ed also acted for TOG on the pre-let of floors 10-13 at 15 Water Street, Wood Wharf, London, E14, from the Canary Wharf Group with an annual rent of circa £2.5million.

  • Advising O&H Properties on the acquisition, disposal, development and letting of a number of properties within their UK portfolio. This has included the redevelopment of 161-162 New Bond Street, which is now Christian Dior's flagship store in London, and the redevelopment of the Podium Shopping Centre in Bath and the subsequent letting of the site to Waitrose Limited to create their new Waitrose At Home concept.

  • Acting for Hong Kong based investor Nan Fung Group and developer Endurance Land on two pre-lets within The Bailey (16 Old Bailey) in the City of London – 93,000 sq ft over eight floors to IPG Mediabrands and 21,000 sq ft over two floors to Knotel. The building, which received planning permission for an extensive refurbishment and extension scheme in 2018, is due for completion in early 2021. 

  • Acting for specialist PRS investor and operator Fizzy Living on various forward funding schemes including the circa £100 million forward funding and purchase of a 292 unit residential scheme at Silvertown Way in Canning Town. The entire scheme will be developed through a joint venture between Galliford Try and Thames Valley Housing and when complete, the 2.1 hectare Silvertown Way site will have a GDV in the region of £360m and will deliver 1100 homes of mixed tenure across 11 blocks to include a hotel, gym, shops, offices and restaurants. We have also acted on the forward funding of two residential towers in Lewisham for £33.5 million which forms part of the larger Lewisham Gateway Scheme and which involves the complete redevelopment of Lewisham City Centre.  Fizzy Living is one of the key operators and developers in the build-to-rent sector.

  • Advising student accommodation provider Fusion Students on the purchase, financing and redevelopment of land located on Herbert Street, Cardiff. The site has a gross development value of £75 million and forms part of the wider Cardiff Capital Quarter Development site, a 10 acre mixed use City Centre development with outline planning for over 1,025,000 sq ft of development to include student housing, offices, hotels and education uses. Ed also advised Fusion Students on the acquisition of a development site in Swansea for an £80 million landmark purpose built student accommodation scheme. The 17-storey scheme planned for the Mariner Street car park site will include 780 student beds and a large ground floor retail offering.

  • Acting for Investec Bank on various acquisition and development finance facilities including the facility for the acquisition of the £750m development project called the 'Stage' in Shoreditch. The new scheme is expected to include a 40-storey residential tower, comprising 385 homes, two office buildings totalling 250,000 sq ft, and 50,000 sq ft of retail space. Other transactions have included advising Investec Bank and LaSalle Investment Management on the £52.5 million financing of new student accommodation in Corsham Street, east London; the £78 million residential development financing of 92-98 Portland Place and 8-14 Park Crescent, W1; and the acquisition financing of Hill House in Archway which will ultimately be redeveloped into a £65 million 141-unit residential scheme.

  • Advising Mansford LLP on the acquisitions of two UK-wide portfolios, collectively valued at more than £90 million. These comprise the Eagle portfolio, 22 multi-let industrial sites with a combined floor area of 1.6 million sq ft and over 200 tenants, and the Safari portfolio consisting of 23 pubs.

  • Acting on various matters in connection with the development of the London 2012 Athletes Olympic Village and the sale of the 1,379 affordable homes for £268 million.

  • Representing a UK property fund on the grant of the head lease of a £500 million mixed use development in Liverpool and on the subsequent £385 million refinancing.

Career History

Partner, Mishcon de Reya LLP
Legal Director, Mishcon de Reya LLP
Managing Associate, Mishcon de Reya LLP
Associate, Mishcon de Reya
Solicitor, Mishcon de Reya
Solicitor, Slaughter and May
Trainee, Slaughter and May
Nottingham Law School, LPC
University of Sheffield, LLB Law
Calday Grange Grammar School

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