Fladgate LLP has acted for a syndicate of offshore investors in connection with two loan facilities from Investec Bank plc. These include:
A £17m loan to refinance the acquisition of seven sites in Greenwich (total of c.12 acres), which the borrowers are looking to convert into in excess of 1,500 residential properties over two principal planning phases. The Charlton Riverside project is a strategic waterfront location in one of the Mayor’s ‘Opportunity Areas’ and will create a vibrant mixed use urban quarter, including residential, business and retail, together with the supporting infrastructure.
A £6m loan to finance the acquisition of a site in east London, which the borrower is looking to convert into approximately 500 residential units.
The Fladgate team was led by corporate partner Julian Lewis, assisted by corporate associate Yulia Leyko. Property partner Gavin Whitney advised on the property aspects regarding three sites in Greenwich.
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