Fladgate advises Medina Investments on development site acquisition

Our team: James Fry, Gary Smith, Sam Tye

Fladgate LLP has acted for developer Medina Investments on the acquisition and funding of a development site on Clerkenwell Road, EC1.

Medina Investments have submitted a planning application for the site, a former petrol station, for development into a mixed use scheme comprising a 225 bedroom hotel, five residential apartments and three ground floor retail units. Initial debt funding was provided by Longbow with further debt funding for the development to be raised in due course.

Partners James Fry (real estate) and Gary Smith (real estate finance) advised on the deal, assisted by corporate senior associate Sam Tye.

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