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  • Overview

    Advising a leading property finance lender in respect of a loan facility of £21 million to assist a well known developer acquire six connected properties for potential redevelopment for a sum of £30 million.

    The transaction involved two well known property developers who will be seeking to obtain a planning consent that will regenerate the properties and area to create a mixed use development that will consist of over 750 new homes, a retail park and office units.  The gross development value of the development will exceed £240 million and will increase employment in the area.

    Due to the speculative nature of the proposed development at the time of the acquisition the transaction required an in-depth assessment of all aspects of the title, the access arrangements, historical planning uses and local planning policy.

    The security required by the lender was extensive and included a legal charge over each property, a full debenture, a charge over shares and numerous cross guarantees.

    Whilst the acquisition has now completed the department expects to be instructed by the lender to deal with the planning aspects and the build funding.

  • Related Services

    Commercial Property & Development

    Property finance

    Whether we are acting for the senior lender, mezzanine funder or the borrower we provide commercially focussed advice aimed at ensuring the deal is completed within the required time frames whilst still protecting our client’s interests. Our role is more than simply knowing the law, it is about applying our knowledge to the deal to get it done.

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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'For you' Newsletter'For your business' NewsletterConstruction LawThe DeputyTotaland Law Agriculture & RuralTotaland Law Development & PlanningTotaland Law GeneralTotaland Law Landlord & TenantTotaland Law Property & Finance Workplace Law
I agree to be 'opted in' to receive the Thomson Snell & Passmore communications I have selected above. I understand that this means they will send me relevant content based on the options I have selected. \n\n If you do not wish to receive promotional material from Thomson Snell & Passmore please contact us using the following link: info@ts-p.co.uk
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