Insights: Gary Smith

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Fladgate acts on the refinancing of London & Regional’s headquarters

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Fladgate LLP has acted for London & Regional on the finance aspects of the refinancing of 55 Baker Street, a 530,749 sq ft prime office building owned and managed by London & Regional. The central London property serves as London & Regional’s London headquarters and includes tenants such as BDO, Knight Frank and Oliver Wyman. […]


Yotel comes to Clerkenwell

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Fladgate LLP is delighted that construction work has now commenced on the Clerkenwell Road, London EC1 development site of its client, Medina Investment, to create a 212 bedroom hotel to be operated (under management contract) by Yotel. The hotel will be the first city centre hotel in Europe for Yotel and is scheduled to open […]


Leeds super casino opens for business at Victoria Gate, Leeds

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Fladgate LLP is delighted to have advised on the multimillion-pound Victoria Gate Casino that opened in Leeds on 26 January. The 1,400-capacity venue, operated by Global Gaming Ventures, is one of the largest casinos in the UK and forms part of a new retail and leisure scheme being undertaken by Hammerson. The 50,000 square foot […]


Fladgate advises Ziser Group on £45m refinancing

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Fladgate has acted for a borrower group of companies who were collectively advised by Ziser Group in connection with a loan facility from Lloyds Bank for £45m. The security involved four different properties in London, each of which was controlled by a different company. The released funds will be used by the group for further […]


Otium acquires its first in-town leisure scheme

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Fladgate LLP has advised Otium Real Estate on its first in-town leisure purchase in Milton Keynes, acquiring the Theatre District scheme from UGS MK Limited for £16.75m. The 109,000 sq ft scheme currently comprises 16 units, with a tenant roster that includes TGI Fridays, Bella Italia, Zizzis, Revolution de Cuba and the Slug and Lettuce. […]


Fladgate advises Global Gaming Ventures on its new casino in Leeds

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Fladgate has advised Global Gaming Ventures (Group) Limited (GGV) in relation to the real estate aspects of the financing of its new casino in Leeds. The Gambling Act 2005 provided bidders with the opportunity to establish 8 new large and 8 new small casino licences.  GGV won two of these new large casino premises licences […]


Fladgate advises on high profile acquisitions for Patron Capital

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Fladgate LLP has advised Patron Capital IV LP (Patron) on two high profile real estate investments: The c£75m headline acquisition, by a joint venture between Patron Capital and APAM Ltd, of the Arlington Business Park in Theale, Reading from the Arlington Business Parks Partnership (ABPP). The Arlington Business Park is considered to be one of […]


Fladgate advises Medina Investments on development site acquisition

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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 […]


Fladgate advises on a £230m refinancing facility secured on Camden landmark, Stables Market

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Fladgate LLP has advised a group of companies held by Camden Market Holding Corp (Camden Market) in connection with a refinancing facility with affiliates of the Japanese investment bank, Nomura International Plc (Nomura), advised by Ashurst LLP. The total banking facilities provided by Nomura are in excess of £230m and comprise senior and mezzanine “packages”. […]


Fladgate advises Alpha UK Multi Property Trust plc and its subsidiaries on £65m refinancing

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Fladgate LLP advised Alpha UK Multi Property Trust Plc and its subsidiaries on the financing aspects of the £65m refinancing of a portfolio of commercial properties. The transaction involved senior debt provided by The Royal Bank of Scotland plc, mezzanine debt provided by Europa Mezzanine Finance SaRL and a subordinated loan provided by Alpha Real […]


Fladgate advises Tritax on new fund launch

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Fladgate represented Tritax on the launch of the Tritax Prime Distribution Income Fund, which raised c£20m in equity matched by a similar amount of debt provided by Barclays Bank plc. The fund acquired a 750,000 sq. ft. big box distribution unit let to a 5A1 Dun and Bradstreet rated tenant. This tax efficient investment is […]


Fladgate completes BPRA deal for Maven Capital

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The “Business Premises Renovation Allowance” (BPRA) tax relief scheme, which was due to expire in 2012 but subsequently extended until 2017, remains a popular development incentive. Fladgate LLP has advised on four transactions in quick succession that are intended to benefit from the availability of this relief. The transactions included advising Maven Capital Llandudno LLP […]