Addleshaw Goddard’s Manchester based Real Estate and Banking teams worked together to advise commercial property company Bruntwood, a key client of the firm, in securing a £115.5m fifteen year loan from Aviva Investors.
This significant deal will reinforce Bruntwood’s continual growth in the UK’s regional cities, and feed, in particular, into the company’s development activities at the Circle Square site, an exciting new high rise neighbourhood on the former BBC premises in Manchester City Centre, upon which AG are also advising.
The cross-discipline AG team was led by Managing Associate Brian Ghatan and Legal Director Richard Chandler, alongside Stephen Kinsey, Martin O'Shea, Michael Birchall, Justine Delroy, Katie Ridehalgh, Rob Hughes, Michael Atherton and Fay Kennerley. Invaluable support was provided from a large number of other members of the Real Estate, Banking, BSR, Construction, Real Estate Disputes and TST teams.
Brian Ghatan commented on the deal, "This deal was an important one for the client and we harnessed expertise from multiple practice areas as a comprehensive team to achieve the client's objectives within a short space of time. We are extremely pleased to have played a key role in this transaction, which will act as a base for the growing skyline and changing face of our regional cities."