Expertise

Laura specialises in banking law with an emphasis on real estate finance. She acts for lenders and borrowers on investment and development transactions across a number of sectors including PRS, hotels, self-storage and student accommodation.

Recent complex transactional experience:

  • Dandara Group Holdings Limited - PRS (November 2016)
  • Transaction: the UK's largest single "build to rent" development portfolio platform in the PRS sector with development schemes in Manchester, Leeds and Birmingham comprising over 2000 units, with an estimated development value of nearly £400m and a planned refinance from the Government's residential bond programme (PRS Housing Guarantee Scheme) managed by Venn Capital Partners LLP
  • Role: overall transaction co-ordinator and lead banking advisor
  • Debt: senior and mezzanine facilities from HSBC Bank and Homes and Communities Agency
  • UPP Group Limited – Student Accommodation (December 2016)
  • Transaction: development of a 33-storey tower in Stratford, East London being developed by Watkin Jones as part of a larger mixed-use development providing student accommodation for the University of London.
  • Role: lead banking advisor 
  • Debt: £100m transaction funded by Pension Insurance Corporation with a senior debt "wrapper" by Assured Guaranty
  • Bayerische Landesbank – Commercial (February 2016)
  • Transaction: Advising a syndicate of five banks arranged lead by Bayerische Landesbank in relation Allen & Overy's head office in Bishops Square, Spitalfields Market and Spital Square
  • Role: overall transaction co-ordinator and lead banking advisor
  • Debt: circa £360m

Other relevant client and transactional experience:

  • Advising McLaren Property / PMG Group joint venture on a £23.2m financing from Investec in relation to a 355-bed Cardiff University student accommodation scheme (October 2016)
  • Advising Santander on the financing of two large hotel portfolios acquired by the Topland group, being the Menzies hotel portfolio and the Feathers Group hotel portfolio (October 2014 / February 2015)
  • Advising HSBC on an RCF to Gazeley Limited (May 2015)
  • Advising Lloyds Bank plc on a facility relating to a commercial asset managed by Stenprop (May 2015)
  • Secondment: 
  • 9 months in 2013 with the Global Banking Real Estate Investment team at HSBC Bank plc in Canary Wharf. 
  • sole in house lawyer advising the bank on a number of significant transactions including a £430,000,000 club refinancing secured against a portfolio of IHG and Holiday Inn hotels and on a £125,250,000 financing to a subsidiary of Intu Shopping Centres plc secured against the Midsummer Shopping Centre in Milton Keynes.