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By James Lumley Linklaters’ property practice used a team of 40 lawyers to transfer over 30 power stations belonging to its client National Power in just six weeks. The urgency of the property transfers was due to the energy giant’s UK demerger.The company is breaking itself down into two separately listed companies: National Power and Innogy.Linklaters partners Elizabeth Bennett and Mark Payne, with senior assistant Christopher Stonehill, led the team. Linklaters worked alongside National Power’s in-house group, led by Rachel Pollard. The property included 15 power stations, 17 former power stations, offices and land with a total area of 56 sq km – about the size of Oxford.“The scale was enormous,” said Bennett. “Some of the titles were very large – especially in Wales – and many of them were very old. One title had 129 different parcels of land to deal with.”Much of the land was unregistered, causing further complications.Linklaters is also working on the corporate aspects of the demerger, using a 25-plus team of fee earners. Earlier this year the firm advised on £1.87bn disposal of Drax power station, the largest in western Europe.Other property advisers on local issues included McGuinness Finch, DLA, Pinsent Curtis, McClure Naismith and Townsends.

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