Stephenson Harwood LLP has advised Sumitomo Mitsui Banking Corporation Europe Limited – part of the SMBC Group – on a bilateral investment facility, provided by SMBC Group to Almacantar, secured on the retail elements of Centre Point.

The provision of this facility by SMBC Group, a global provider of commercial banking services, to Almacantar, a property investment and development company, follows the successful development by Almacantar of the iconic tower.

“We were pleased to advise SMBC Group in relation to this prominent transaction,” said Jonathan Proctor, partner, Stephenson Harwood. “Centre Point is an iconic Grade II listed building, and this was our first real estate finance instruction from SMBC Group, so it was a particularly exciting project to be part of.”

The Stephenson Harwood team was led by finance partner Jonathan Proctor, who was assisted by finance senior associate Sean Crowley and associate Ronnie Chiu, and real estate partner Paul Hayward-Surry and associate Patrick Lundie.