Ashurst has advised Nomura as senior and mezzanine lender on the £237 million refinancing of Camden Market and Stables Market in north London. The facilities refinance debt provided by IBRC (formerly known as Anglo Irish Bank) and provide a bridge to a major redevelopment of part of the site.

The Ashurst team was led by Real Estate Finance partner, Sarah Watkinson, assisted by senior associate Navdeep Benning and associates Mitch Ingham and Jessica Rees-Hole. Partner Melanie Jordan and senior associate Donna Fleming advised on Real Estate aspects. Corporate associate Chris Phillips and Tax partner Simon Swann and senior associate Caroline Page also advised.

Partner Sarah Watkinson commented:

"We are delighted to have advised Nomura on the refinancing of Camden Market. This is a great result providing an important financing bridge to enable the future development of what is an extremely well-known and strategically very important site in north London."