Macfarlanes has advised private property development and investment management company Rocket Investments on securing a £240m loan facility to finance the development of The Atlas Building, City Road, London EC1.

The development is due for completion at the end of 2018 and will comprise a mixture of high-end residential, office and retail space.

Senior debt was provided by Lloyds Bank Commercial Banking, ICBC and The Bank of East Asia to complete the residential and commercial developments with mezzanine financing provided by Highbridge Principal Strategies (UK) LLP and Urban Exposure.

Macfarlanes continues to advise Rocket Investments on all of the real estate and construction aspects of the development.

The Macfarlanes team comprised real estate partner Clare Breeze and senior solicitor Cate Taylor, real estate finance partner Colin Morgan and senior solicitor Laura Innes, construction partner Ann Minogue and tax partner James McCredie.