Whether your requirements range from property due diligence for substantial portfolio acquisitions and refinancings to single assets or large volumes of transactions, our large multi-discipline group of experienced professionals have a proven track record of delivering real value for market-leading lenders.


Because of our bench-strength, we have the capacity to comfortably undertake the largest assignments in the sector. Our core UK Real Estate Finance practice comprises 6 partners and around 30 other lawyers that are dedicated solely to the sector and that have a deep insight of the industry and the people working in it. Our Real Estate Finance practice is one of the most highly ranked in the legal directories and the maturity of the business is such that it has held such a ranking for many years.

The most recent edition of Chambers UK reports that our team is : "very responsive, efficient, practical and commercial. They put forward problems but also solutions."

Our team acts for leading banks (including all of the major clearing banks) and other financial institutions in the UK, European and Middle Eastern property finance markets, together with the majority of other active lenders, such as insurance companies and debt funds. This extensive client base means our team has experience of a wide range of debt financing techniques across a whole spectrum of asset classes, aligning our service delivery capabilities to market changes. We also have a wide range of experience in acting for borrowers. Our clients take comfort from having a firm that they know acts for both lenders and the borrowers.

Expertise

A genuine sector focus allows the firm to distinguish itself from competitors. We advise on all areas of real estate finance including:

  • Financing structures including syndicated, club and bilateral debt (senior or mezzanine) and A/B structures
  • Development and investment transactions
  • Acting for groups of lenders on club transactions
  • Syndications and participations including the preparation of fatal flaw/red flag reports for incoming lenders
  • Lending to partnerships, limited partnerships, limited liability partnerships and onshore and offshore unit trusts
  • Acting for loan servicers and security trustees
  • Loan portfolio transfers secured on commercial property
  • Working with clients to produce standard loan agreements and related security documents
  • Islamic finance
  • Debt restructuring and structured loan recovery and enforcement

We have experience of financing many different asset classes in the UK and elsewhere including:

  • Trophy and other investment properties
  • Shopping centres and retail parks
  • Hotels and other leisure facilities
  • Major residential developments
  • Student accommodation
  • Large ground rent portfolios
Our Clients
Lending clients include:
  • Aareal Bank AG
  • Abbey National Treasury Services
  • Allied Irish Banks
  • AgFe
  • Aviva
  • Barclays Bank
  • Bank of Ireland
  • Bayerische Landesbank
  • Bank of London and The Middle East
  • Canada Life
  • Chenavari
  • Clydesdale Bank
  • Coutts
  • Deutsche Hypo
  • GE Real Estate 
  • Handelsbanken
  • HSBC
  • Helaba
  • ICBC
  • ICG – Longbow
  • Investec
  • Nationwide Building Society
  • Santander
  • Standard Life
  • Sumitomo
  • United Overseas Bank
Borrower clients include:
  • Bruntwood
  • Criterion Capital
  • Employees Provident Fund of Malaysia
  • Heron
  • MountAnvil
  • Peel
  • Tabung Haji
  • Tribeca Holdings
Experience
Our recent experience includes :
  • Aalto - £60m facility for Benson Elliott's private equity fund secured on three regional offices
  • ACT Group/Criterion Capital - £1 billion syndicated facility from Aviva Commercial Finance Ltd secured on a £2 billion portfolio, including London Trocadero and Criterion Theatre/Buildings, Piccadilly, Slough Shopping Centre and East India Dock
  • Barclays Bank PLC - £67.2m development finance facility to create one of the largest and first PRS platforms in the UK
  • Bayerische Landesbank and a multibank syndicate - funding of the £557 million acquisition by funds managed by JP Morgan Asset Management of Bishops Square, Spitalfields, London E1, comprising a 850,000 sq ft office development let to international law firm, Allen & Overy, and 50 sq ft of retail space
  • Brickfield Investments Limited - £97.5m  development finance facility from Venn Partners, one of many new alternative lenders
  • Employees Provident Fund of Malaysia - £132 million syndicated murabaha facility from Standard Chartered Bank secured on a portfolio of 5 properties
  • Helaba - £197m facility for London Metric Properties plc secured on a portfolio of logistic/distribution centres
  • Helaba and Handelsbanken - £325m facility to Tesco BL Properties (a joint venture between BritishLand and Tesco)
  • Heron Corporation/Santander & HSBC & Investec - £300m refinancing of Heron Tower/£190m development financing of the Heron Residential Tower
  • HSBC - £30m facility to Intu Property plc to acquire SprucefieldRetailPark in Northern Ireland
  • HUB Residential - £97.5 million syndicated development facility to fund the construction of the 360-unit, twin-towered Hoola London Development at London's Royal Docks
  • Masraf Al Rayan QSC - £350m commodity murabaha to Get Living London EV in respect of the purchase of the former Olympic AthletesVillage
  • Precis Holdings Group – secured development finance facility from HSBC for the new M by Montcalm hotel, Shoreditch
  • Santander - £110m facility to the Topland Group to finance the acquisition of the Menzies Hotel Group and the Feathers Hotel Group
  • Standard Life – senior debt facility secured on two prime West End retail properties
  • Tabung Haji - £225 million syndicated Murabaha facility to finance 151, Buckingham Palace Road, London and another landmark building in Gresham Street, London
  • Tribeca Holdings - £79m secured mezzanine finance facility from Pramerica Real Estate Capital
  • United Overseas Bank - £130 million facility to a JPUT structure secured on Intu Shopping Centre Uxbridge

Key contacts

Meet the team
Steve Mackie

Steve Mackie

Partner, Head of Real Estate Finance
London

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James Salford

James Salford

Partner, Real Estate Finance
United Kingdom

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