International law firm Pinsent Masons has advised The ExtraCare Charitable Trust on a £35 million private placement funding from BAE Pensions to sit alongside it's existing £120 million bilateral and syndicated financing provided by Lloyds Bank plc.
NautaDutilh's Securitisation team assisted BinckBank with its purchase of the EUR 340 million Dutch residential mortgage loan portfolio from Obvion.
With this purchase BinckBank is on track with its plan to acquire EUR 500 million of Dutch residential mortgages in 2016. This investment in Dutch residential mortgages fits with BinckBank's strategic goals to bring more diversification in the revenue streams and to become less dependent of transaction related income. Read the full article in FD about BinckBank's investment (Dutch).
International law firm Taylor Wessing has acted for City Pride Limited a vehicle for private overseas investors on the Facility Agreement for the £320m development financing of the Landmark Pinnacle – arguably the tallest consented residential tower in Europe (with associated Island Point site). Taylor Wessing worked closely on the transaction with JTC Group as administrators to City Pride Limited.
Obvion, one of the Netherlands’ leading mortgage providers, raised circa EUR 500 million through the issuance of green bonds, backed by mortgages secured on houses that meet certain environmental standards. The bonds, the first of their kind worldwide, were certified with Moody’s Green Bond Assessment.
Loyens & Loeff acted as legal advisor to Obvion and as such drafted the prospectus and the transaction documents and helped to structure the transaction.
Global law firm White & Case LLP has advised Echo Investment S.A., the Poland-based real estate investment company, on two significant loan transactions.
The Firm advised on a financing of up to €132 million from Berlin Hyp AG and ING Bank Slaski S.A. to refinance the current debt from Echo's four office projects - Malta Office Park in Poznan, Park Rozwoju in Warsaw, West Gate in Wroclaw and A4 Business Park in Katowice.
International law firm Berwin Leighton Paisner (BLP) has advised King’s Cross Central Limited Partnership (KCCLP) led by Argent (as the development/asset manager for the King’s Cross Central estate) in excess of £750m of facilities secured against the King’s Cross Central estate. The latest facility, a development loan from Helaba Landesbank Hessen-Thüringen completed in May 2016 and will be used to fund, amongst others, the development of Google’s new 180,000 sq ft office in the northern phase of the King’s Cross scheme.
The first two schemes have now been launched, with debt funding from M&G Investments. LINQ acquired 50 flats at Zenith House, Colindale and a further 27 flats in the Mildmay regeneration scheme, Shoreditch from Genesis Housing Association.
Irwin Mitchell's Banking Team Advises On Multi-Million Pound Deal
Urban regeneration specialist, MJ Gleeson plc, has agreed a funding package of up to £40m with Lloyds Bank Commercial Banking to accelerate its growth plans.
Linklaters has advised Cerberus European Residential Holdings and FirstKey Mortgage, LLC on the £6.1 billion securitisation of a portfolio of UK residential mortgage loans, the largest transaction of its kind since the global financial crisis.
The bonds are backed by a pool of mortgages from the legacy book of NRAM, the former Northern Rock mortgage business which was nationalised in 2008, and acquired by Cerberus in November 2015. Linklaters advised Cerberus on the acquisition of NRAM and its £13 billion loan portfolio.