Addleshaw Goddard's Real Estate Finance team has completed its largest 2015 deal for clients of Criterion Capital.
The deal, an approximate £1bn facility from Aviva Commercial Finance, was secured on a portfolio of 16 properties including the landmark Trocadero Centre and Criterion Theatre/Buildings in Piccadilly, London.
This is believed to be one of the biggest real estate finance facilities undertaken by Aviva and certainly one of biggest REF deals of 2015.
Over £2 billion of properties were mortgaged by the AG team, which was led by Head of Real Estate Finance and Banking partner Paul Salsbury. The AG team also included: Ian Kynoch and Sarah Jelly who provided banking support with Head of Real Estate Leona Ahmed alongside Peter Taylor, Paul Burney, Hemal Kotecha and Jola Hajri making sure that the multiple property matters were delivered on schedule.
Elaine Gwilt advised on tax with additional support from the LLP team. In total 33 lawyers were involved from AG's Manchester and London offices.
Paul Salsbury, Head of Real Estate Finance and Banking partner, commented: "This is a landmark day for our real estate finance practice – it further consolidates AG's position as one of the market leaders acting for both lenders and borrowers on some of the best deals around. The sheer size, complexity and timing of this transaction required us to deploy all of our experience and resources to achieve its scheduled closing. Both our client and Aviva were delighted to conclude the deal."