Wednesday, April 2, 2014

Law Firm Reappointed as Crown Estate Advisers with Responsibility for Ports and Maritime Interests

Competitive Tender Process Sees Newcastle Based LLP Win Through
Shipping News Feature

UK – Unbeknown to most people the Crown Estate is not the monarch’s private pension fund but in fact an organisation governed by Act of Parliament overseeing a property portfolio worth over £8 billion. The Estate profits, last year in excess of quarter of a billion pounds, are payable to the Treasury and the real estate includes substantial coastal holdings in England which include around 50% of the country’s foreshore, virtually all of the seabed, and interests in ports, harbours, marinas and other commercial coastal developments.

One can imagine how pleased then are the staff at Newcastle headquartered law firm Bond Dickinson LLP upon the confirmation this week that the firm has been reappointed to the Crown Estate legal panel after the conclusion of a competitive tender process. The instruction runs from this month for a five year term at which time a further review of requirements will be planned. Nick Page, Chairman and Partner, Bond Dickinson LLP said:

"Bond Dickinson is delighted to have been reappointed to The Crown Estate legal panel. The Real Estate sector is an important part of our focus, in which we are continuing to invest and we greatly value the partnership we have built with The Crown Estate."

Vivienne King, The Crown Estate’s Director of Business Operations and General Counsel commented:

“Bond Dickinson has consistently provided us with an excellent legal service throughout our relationship, so we are delighted to be continuing to work with them following the outcome of our competitive tender process. Bond Dickinson's sector specific expertise and understanding of our business will be a real asset as we continue to deliver on our long term commercial objectives.”

Photo: The Crown Estate’s coastal portfolio covers everything from aquaculture to tidal energy.