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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In the United Kingdon, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for eight years. These partners are highlighted below and throughout the editorial.
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United Kingdom > London > Real estate > Property finance > Law firm and leading lawyer rankings

Editorial

Other

Index of tables

  1. Property finance
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next Generation Partners
  5. Rising stars

Leading individuals

  1. 1

Next Generation Partners

  1. 1

Rising stars

  1. 1

Allen & Overy LLP¬†is known for its strong lender-side client base, which includes insurance companies, debt funds and US mortgage REITs, as well as traditional bank lenders. The firm is also active on the sponsor side, regularly advising real estate private equity funds. In addition to its specialism in commercial mortgage-backed securities (CMBS) issuances, the team also handles acquisition and development finance; senior and mezzanine loans; and loan portfolio transactions. The firm is also noted for the strength of its pan-European work. Paul Flanagan, Arthur Dyson, Simon Roberts¬†and Mark Manson-Bahr¬†lead the team, while the ‚Äėstandout‚Äė David Oppenheimer¬†is¬†also a key contact.

Practice head(s):Paul Flanagan; Arthur Dyson; Simon Roberts; Mark Manson-Bahr

Other key lawyers:David Oppenheimer; Ian Powell; Atif Hanif; Lucy Oddy

Testimonials

Allen & Overy has a very strong team that understands their client’s business and needs.  They provide very good advice in a timely and commercial manner.

They always make themselves available for us and meet or exceed all deadlines. I would particularly flag Mark Manson-Bahr as being outstanding.  He is one of our “go-to” lawyers for complex issues.

Allen & Overy is consistently one of the best real estate finance law firms across Europe. Very experienced partners, strong associates and a committed pool of young talents set the firm apart from its competitors.

The quality of service delivered by Allen & Overy is above its competitors. This is due to the strong quality of its partners and associates.

It is a very solid, client-focused team.

Arthur Dyson is a solid trusted adviser who has been there and done that. He can be trusted to advise you on what the key issues are, and is sensible and constructive – he does not look to point-score with the other side.

Allen & Overy stands out for its depth of practice – it is hands-down the best in the market. They have seen every structure in the book, they know what happens in a downturn and as a result give the best advice. They deliver complex deals with ease and an efficiency that other firms can’t match.

Mark Manson-Bahr is exceptional – he is very straightforward, balanced and pragmatic. He runs a tight ship and is always fully engaged and available. He quotes the real price of a deal and then stays involved to get it done on time and on budget. He sweats the detail as well as seeing the bigger picture and so gives commercial advice rather than just legal advice. He’s the real deal.

Clifford Chance LLP‚Äės blue-chip client base includes leading investment banks and US funds, as well as a range of other lenders, borrowers and sponsors. The team‚Äôs varied workload covers investment and development finance; senior and mezzanine finance; large loan portfolio sales and financings; and Islamic property finance. The firm also has significant CMBS expertise, and is noted for its strength in pan-European transactions. Andrew Carnegie¬†leads the team, which also includes ‚Äėgood operator‚Äė¬†Barry O‚ÄôShea, Jane¬†Cheong Tung Sing, and¬†Emma Matebalavu, who is known for her cross-border experience. Claire Fawcett¬†was promoted to director, while Damian Perry¬†retired from the partnership.

Practice head(s):Andrew Carnegie

Other key lawyers:Barry O'Shea; Jane Cheong Tung Sing; Emma Matebalavu; Alastair McGillivray; Claire Fawcett

Testimonials

'Andrew Carnegie is excellent - possibly the best black letter lawyer in the commercial real estate finance space.'

Key Clients

AIG

Apollo

Bank of America Merrill Lynch

Blackstone

Canary Wharf Group plc

The Carlyle Group

Citibank

Credit Agricole Corporate and Investment Bank

Deutsche Bank

DRC Capital

Fortress Investment Group

Goldman Sachs

Helical plc

HSBC

ING

J.P. Morgan

M&G Investments

Metropolitan Life Insurance Company

Morgan Stanley

Partners Group

Royal Bank of Canada

Wells Fargo

Work highlights

  • Advised a fund on a series of refinancings relating to portfolios of assets located across Europe.
  • Advised Morgan Stanley and Goldman Sachs on the origination and conduit CMBS of loans secured over commercial and residential properties in the Netherlands.
  • Advised Hemisphere International Properties B.V. on a complex loan facility agreement, allowing the client to realise its property portfolio in an orderly manner.
  • Advised an international club of banks on a nearly €2bn loan secured on residential assets in Spain.
  • Advised Blackstone Real Estate Debt Strategies on a loan provided to a luxury European hotels group owned by Värde Partners.

FIRMS IN THE SPOTLIGHT

Maples Teesdale

The only property law firm you’ll ever need. Maples Teesdale acts for lenders and borrowers on property investment and development finance transactions. Our clients include leading banks and financial institutions, alternative debt providers, as well as privately owned commercial and residential developments to large commercial forward fundings on complex property developments. Developments range from mixed use residential and commercial developments to large commercial forward fundings on complex property developments. We have a dedicated team of property finance lawyers that has wide ranging experience in this field. We currently advise a variety of banks and other financial institutions as well as property investors, funds and commercial property companies.

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Addleshaw Goddard¬†is known for its strong lender-side client base, acting for traditional UK banks and German¬†Pfandbrief banks, as well as funds, insurers and challenger banks. The team also counts a number of Asian investors ¬†among its clients, and is expanding its borrower-side practice. Other areas of expertise include hotel, private rented sector (PRS) and student accommodation finance. Steve Mackie¬†took over as practice head from Paul Salsbury, who focuses on cross-border real estate matters. The team also includes hotel finance specialist James Salford;¬†Zoe Maurer, who has particular strength in investment and development finance;¬†and the ‚Äėsuperb‚Äė Zak Ikponmwosa.

Practice head(s):Steve Mackie

Other key lawyers:Paul Salsbury; James Salford; Zoe Maurer; Sarah Egbu; Zak Ikponmwosa

Testimonials

'Addleshaw Goddard's REF team is user-friendly and highly responsive. The real estate and banking teams are well integrated, ensuring that transactions run smoothly and efficiently. They have a strong bench of team members.'

'Zoe Maurer stands out for her excellent deal management. She has a user-friendly style and fights your corner expertly in complex negotiations.'

'The team provides fantastic, client-focused service. They are knowledgeable and able to provide the right kind of advice that a lender needs to make a decision.'

'The team is committed, determined, and made up of people who go the extra mile to get a deal over the line.'

'Zoe Maurer is an excellent partner and project lead. She is knowledgeable and equally as determined when it comes to completing a transaction.'

'The team is strong across the levels. The senior associates are easily able to step into the shoes of the partner. Everyone seems to know what everyone else is doing, so it is very joined up and effective. They also develop strong relationships with the other side so that time is not wasted on point-scoring.'

'Sarah Egbu is a strong commercial partner.'

'Sarah Egbu has a strong understanding of the client and the underlying commercial views, and she is able to clearly articulate both to us and to the other side any concerns we may have on a transaction.'

'I have been impressed by the level of advice and service received from the Addleshaw Goddard property finance team and the lengths the team will go to really understand the core principles of our business and provide us with commercial advice relevant to the issues at hand. Having a practice which puts commerciality at its heart is incredibly important.'

'Steve Mackie is always helpful and great at providing various options and ideas for funding structures which work for all parties and provide a reasonable starting position for negotiations.'

'Addleshaw Goddard has a very well-coordinated team, which is a pleasure to work with and extremely responsive at all times.'

'Zoe Maurer is exceptional. She is very commercial, quick, responsive and just make the deals happen while not compromising on what's really important.'

'James Salford is a fantastic lawyer and very knowledgeable.'

'Almost every hotel financier will use James Salford on their side. He gives a lot of his time for free on holidays, weekends and evenings explaining points and is very borrower friendly.'

Key Clients

Aareal Bank AG

AIB Group UK plc

AgFe

Al Rayan

Aviva

Bank of Ireland

Bank of London & The Middle East plc

Barclays Bank PLC

Bayerische Landesbank

Bizspace

British Arab Commercial Bank

C C Land

Canada Life Investments

Cheung Kei Group

CIMB (London, Singapore and Malaysia)

Clydesdale Bank PLC

Coutts & Co

Criterion Capital

Deutsche Hypothekenbank

Fortwell Capital

Gaw Capital Group

GR Properties

Handelsbanken

HB Reavis

Hengli Group (owner of Lloyds Bank HQ)

Hillview Real Estate

HSBC Bank plc / HSBC UK Bank plc

HSH Nordbank

ICICI

Investec Bank plc

Kasamar Holdings

KTB Asset Management

Landesbank Hessen-Thuringen GZ (Helaba)

Lembaga Tabung Haji

McLaren Property

Mount Anvil

National Westminster Bank PLC

Nationwide Building Society

Nord/LB, Hanover

OakNorth Bank plc

Peel

Precis Investments (owners of the Access Self Storage Group, Montcalm Hotels Group and Shaftesbury Hotels Group)

Public Bank Berhad

Public Islamic Bank Berhad

Puma Investments

Qatar National Bank, London Branch

Rocket Properties

The Royal Bank of Scotland International Limited

Santander

Standard Chartered Bank, India Branch

Tellon Capital

Tribeca

United Overseas Bank Limited

University Partnership Programme

Wellesley Finance Plc

Work highlights

  • Acted for Cheung Kei Group in relation to its acquisition and financing of 5 Churchill Place, Canary Wharf.
  • Advised Lloyds Bank plc on the development and investment financing for the construction of the first office premises at the high-profile One Embassy Gardens development at Nine Elms, London.
  • Advised University Partnerships Programme on the share acquisition of two purpose-built student accommodation properties at the Swansea Bay Campus, which involved the overlaying of a £63m index-linked term debt from Pension Insurance Corporation on an existing income strip lease structure.
  • Acting for Hengli Group on the acquisition of 25 Gresham Street, London (also known as the Lloyds Bank headquarters) and the subsequent refinancing of that acquisition with Industrial and Commercial Bank of China Limited, London Branch.
  • Advised Shore Capital Group’s fund management arm Puma Investments on a £200m capital investment from funds advised by RoundShield Partners to grow its UK property finance business.

Ashurst¬†is noted for its strength in complex development finance and cross-border matters, as well as real estate capital markets transactions, hybrid financing and debt-on-debt work, particularly financing pan-European non-performing loan (NPL) portfolio acquisitions. The firm has also been active advising on transactions involving Korean investment into the European property market. Clients include a range of lenders and borrowers. The practice is led by the ‚Äėbrilliant‚Äė and ‚Äėfrighteningly clever‚Äė Ruth Harris; Sarah Watkinson, who has a strong reputation for loan portfolio deals; and Jessica Jenner, whose expertise includes advising sponsors on the acquisition of and investment in ‚Äėtrophy‚Äô real estate assets.

Practice head(s):Ruth Harris; Sarah Watkinson; Jessica Jenner

Key Clients

Barings Asset Management

Oxford Properties

Patrizia

Samsung

Deutsche Pfandbriefbank

KB Securities

M&G

Santander

Aviva

EQT

Work highlights

  • Supporting Santander with the onboarding and end-to-end documentation process relating to the incentivised commercial account switching scheme from RBS's Williams & Glyn SME customer base to Santander as part of the UK Treasury's plan to boost SME banking competition.
  • Advising a consortium of Apollo Global Management and IFC in relation to the purchase of €1bn of Greek NPLs and REOs by Alpha Bank.
  • Advising Varde Partners in connection with the financing of the pan-European hotel group The Dedica Anthology (Project Signature).
  • Advising Almacantar in relation to its refinancing of Buildings 1 and 2 at the Shell Centre in London, with LGIM, as part of the client's redevelopment of the Southbank Place site.
  • Advising Santander in connection with its £200m residential development funding platform, launched with private investment firm Topland Group, aimed at encouraging new housing development.

Bryan Cave Leighton Paisner LLP's areas of strength include acquisition finance, restructuring and refinancing, and senior and mezzanine lending, and the team has been particularly active handling development finance. On the lender side, the firm advises UK clearing banks, investment banks and US financial institutions, among others, while on the sponsor side its client base includes major developers and asset managers. Naveen Vijh¬†leads the team; Claire Watson¬†has a ‚Äėgreat reputation‚Äė for domestic and international transactions; Gordon McMillan¬†specialises in debt financings secured on real estate; and senior associate Payam Yoseflavi¬†is also recommended.

Practice head(s):Naveen Vijh

Other key lawyers:Claire Watson; Gordon McMillan; Daniyal Ansari; Steve Clark; Payam Yoseflavi

Testimonials

'The team has strong industry knowledge combined with a very broad practice, and great strength in depth.'

'Naveen Vijh and Gordon McMillan are excellent at partner level.'

'The response rate is great and partner availability is better than most other firms. The team's level of technical expertise also one of the best I have come across and they seem to have a good level of market insight at any time.'

Key Clients

Capital & Regional PLC

Quintain Limited

Highbrook Investors

Argent

Cheyne Capital Management Limited

Homes England

Wells Fargo Bank, N.A

BlackRock

Tristan Capital Partners

Barclays Bank

HSBC Bank

AIG

Work highlights

  • Advised Homes England on the real estate finance aspects of a £1bn housing development joint venture fund between the client and Barclays.
  • Advised HighBrook Investors on the acquisition of the Mesdag Delta portfolio, made up of mixed assets located throughout the Netherlands.
  • Advised Celvam Management Limited on the acquisition and funding of the entire operational structure and property portfolio of workspace provider London Executive Offices (LEO) from Queensgate Investments.
  • Advised Regent’s Crescent Property Holding (Lease B) Limited on a range of sharia-compliant senior and mezzanine facilities to finance a residential development overlooking Regent's Park.
  • Advised King's Cross Central Limited Partnership on a £400m syndicated  loan to finance the development of Facebook's new UK headquarters, as part of the King's Cross regeneration scheme.

Eversheds Sutherland (International) LLP is known for its expertise in development finance. It acts for traditional lender banks, as well as investment firms and specialist development lenders. The team is particularly active in the PRS sector and has advised on several high-profile residential developments. Other areas of strength include structured deals and cross-border transactions, particularly involving assets located in Europe. The firm is also expanding its practice on the borrower side, advising several real estate investment and asset management firms. Simon Mead leads the team, and Robert Ludwig is also a key contact.

Practice head(s):Simon Mead

Other key lawyers:Robert Ludwig

Testimonials

'The team is led well and made up of pragmatic, commercial lawyers who are extremely supportive of clients.'

'Simon Mead is a real expert in his field and a very effective negotiator.'

Key Clients

HSBC

Lloyds Banking Group

Venn Partners

Starwood Capital Group

Aviva Investors

Urban Exposure

DekaBank

Citigroup

Maslow Capital

LaSalle Investment Management

Work highlights

  • Advising Heitman on the acquisition of two BTR sites and forward-funding of residential developments in Manchester and Liverpool.
  • Advising Starwood Capital Group on the development of an 18-storey office building in London.
  • Advising DekaBank Deutsche Girozentrale on the financing of the acquisition of a London office building.
  • Advising Intermediate Capital Group (ICG) on the acquisition of a portfolio of six Spanish hypermarkets.
  • Advising Urban Exposure on a facility agreement made to Strawberry Star to finance the acquisition and development of a mixed-use project in Luton.

Herbert Smith Freehills LLP is noted for its ability to handle large pan-European property finance transactions, and has been particularly active advising on high-value refinancings and complex development finance matters. It also handles senior and mezzanine debt financings, hotel financings, and real estate NPL financings. The team acts for leading market lenders, including UK banks, German mortgage banks and fund lenders. On the borrower side, clients include major UK real estate companies. Simon Chadney leads the team, which also includes Gary Hommel, who heads the firm’s European finance practice, and Robert Carr, who has expertise in advising on mezzanine finance.

Practice head(s):Simon Chadney

Other key lawyers:Gary Hommel; Robert Carr

Key Clients

Deutsche Bank

Deutsche Pfandbriefbank

Legal and General Investment Management

Lloyds Bank plc

Morgan Stanley

Wells Fargo

PGIM (formerly PRICOA Mortgage Capital)

Société Générale

Hammerson plc

Brookfield Properties

Work highlights

  • Acted for Legal and General Investment Management as lender on the financing of Almacantar's One and Two Southbank Place development in London.
  • Acted for Barings Real Estate Advisers and Massachusetts Mutual Life Insurance Company on the refinancing of MEPC's Milton Park business park.
  • Acted for Lloyds Bank as arranger and lender of a facility to refinance Global Net Lease's UK property portfolio, and the financing of Elite UK Commercial Fund's acquisition of a portfolio of UK offices.
  • Advised Principal Place Commercial Limited Partnership, a subsidiary of Brookfield Office Properties Inc., as the borrower, on a term loan secured on an office and retail property.
  • Advised Brookfield Strategic Real Estate Partners on the senior and mezzanine refinancing of CityPoint Tower in London.

Hogan Lovells International LLP is noted for its strong client base of lenders and borrowers, including investment firms, real estate developers, debt funds and leading banks. The firm handles complex UK and pan-European transactions, and has been particularly active in Ireland. Areas of expertise include investment and development finance, loan purchases and loan-on-loan financings, hotel financings, and restructurings. Andrew Flemming, who regularly advises new market entrants and is active in cross-border transactions, leads the team. Andrew Welbourn and Jo Solomon, who has extensive experience in acquisition and development finance, are also recommended.

Practice head(s):Andrew Flemming

Other key lawyers:Andrew Welbourn; Jo Solomon

Testimonials

'In Andrew Flemming the team has a highly skilled, very approachable and commercially minded senior partner.'

'Andrew Flemming is an experienced and very commercially minded individual, and has the knowledge and approach of a top-tier law firm partner - he is approachable and incredibly accessible.'

'The practice is one of the pre-eminent names in the market for all real estate-based transactions and an outstanding partner on a full range of deals types across a variety of sectors and the capital stack. The team's bandwith is second to none as is its commercial judgement and perspective, which in my experience is unrivalled. I do not know a better firm in the market to engage for complex financings.'

'Andrew Flemming is an outstanding real estate finance lawyer who always takes the time and trouble to understand all aspects and angles of a transaction and ensures his client's objectives are fully achieved. He is one of the best business partners out there and definitely one to have on your side. His team is also excellent.'

'Andrew Welbourn is very dedicated and provided a thorough, hands-on service.'

Key Clients

HSBC

Colony Capital

Hines European Core Fund

ICG Longbow

Barclays Bank

DRC Capital 

Kingdom Holding Company and Kingdom Hotel Investments

Henderson Global Investors 

U + I Group Plc

Credit Agricole Corporate and Investment Bank

Cheyne Capital Management 

Wainbridge

Work highlights

  • Advised Wainbridge on the refinancing of the Belgravia Gate luxury apartment development on Grosvenor Crescent, with Apollo Global Management acting as the new senior lender.
  • Advising Colony Capital in connection with a large structured debt and equity investment with joint venture partner John Ronan in a Dublin real estate development.
  • Advising Colony Capital on a structured investment in a docklands real estate development in Dublin.
  • Advising Hines European Core Fund on the refinancing of a portfolio of properties situated in Berlin, Dusseldorf, London and Edinburgh, and the refinancing of a French property.
  • Advising M&G Limited on the refinancing of its revolving credit facilities with The Royal Bank of Scotland International Limited (RBSI) in respect of two of its real estate funds.

Linklaters LLP has a strong international client base, particularly on the lender side, including commercial and investment banks and debt funds; on the borrower side, the firm advises a number of developers. The team has been particularly active in complex, pan-European transactions; senior and mezzanine lending; acquisition and development finance, involving assets ranging from offices to hotels and student accommodation; and refinancings. The team also advises on matters involving CMBS issuances and NPL portfolios. Steve Smith leads the practice and has a particular focus on structured and distressed transactions; Mark O’Neill and Scott Simpson are also key contacts.

Practice head(s):Steve Smith

Other key lawyers:Mark O'Neill; Scott Simpson

Testimonials

'Steve Smith is excellent and stands out for his negotiation skills and commercial steer.'

Key Clients

Angelo Gordon

Apollo

ARES

Citibank

Deutsche Bank

JP Morgan

Oaktree

PIMCO

Prologis

Royal Bank of Canada

Starwood Capital

Wells Fargo

King Street

LBG

Tyndaris

LaSalle Investment Management

THRE

DRC

Deutsche Pfandbrief Bank

Bank of America Merrill Lynch

Work highlights

  • Acting for LaSalle Investment Management and DRC Capital, as the lenders, on the financing of Global Student Accommodation (GSA)'s acquisition of a Spanish student accommodation portfolio.
  • Acting for TH Real Estate, as arranger, and TIAA, as senior lender, on a facilities agreement between OSM Limited, as borrower, and others for the refinancing of existing debt used for the acquisition of Old Spitalfields Market.
  • Advising Prologis, as the borrower, on an investment and development facility agreement with Deutsche Pfandbriefbank for the acquisition and development of multiple industrial and distribution properties in England.
  • Advising Chariot Group BV and its subsidiaries on the financing of the acquisition of a Polish real estate portfolio from funds managed by Ares Management L.P., AXA Investment Managers – Real Assets and Apollo Rida.

Taylor Wessing LLP‚Äės ‚Äėsolid‚Äė team is noted for its sector expertise in hotels (including handling several high-profile portfolio acquisitions), student accommodation, PRS and logistics. Other areas of strength include¬†acquisition and development finance, loan sales and acquisitions, and restructuring. The team‚Äôs¬†client base covers lenders and borrowers, including banks, insurance companies, REITs and real estate investors.¬†Jonathan Marks¬†specialises in debt finance;¬†Heather Buttle,¬†who ‚Äėis really good at what she does‚Äė, counts alternative and established lenders among her clients;¬†and Gareth Lawson¬†has experience in senior, mezzanine and preferred equity structures.

Practice head(s):Martin Yells

Other key lawyers:Jonathan Marks; Heather Buttle; Amar Ali; Gareth Lawson

Testimonials

'All of the individuals are very down to earth and level headed. They explain everything very clearly and in a straightforward manner.'

'Gareth Lawson's calm and proactive approach to work is very beneficial. He is very good at relaying the client's position to the other side without making the point unnecessarily contentious.'

'The team is very responsive and commercial.'

'Heather Buttle provides a seamless extension of our internal team.'

'Amar Ali is very dedicated and has good team backing at senior associate and associate level to get deals done efficiently.'

'Heather Buttle delivers a great product.'

'Taylor Wessing remains the standout firm for us.'

Key Clients

Cain International

Canada Life

Credit Agricole

Deutsche Bank

Deutsche Hypo

Essential Living

Helaba

Hermes Investment Manager Limited

HSBC

Investec

Laxfield Capital

Lloyds Banking Group

McLaren

MetLife

PGIM

RBS

Santander

Secure Income REIT

ING

Wells Fargo

Work highlights

  • Advising a German high-net-worth client on the acquisition of 20 IHG franchised hotels (Holiday Inn Express and Crowne Plaza) in addition to the captive hotel management platform (Lapithus Hotels) from Apollo Capital Management.
  • Acting for Cheyne Capital Partners on a loan to Country Court Care Group to refinance a portfolio of over 30 care home property interests across England.
  • Acting for Secure Income REIT plc on the financing of its acquisition of two leisure and hotel portfolios (including the Manchester Arena and The Brewery at Chiswell Street in London) from two separate vendors.
  • Advising PGIM in relation to a series of loan facilities to a student accommodation developer and operator in relation to the development of multiple sites across the UK.
  • Acting for a listed alternative lender in providing a development facility to Mace in order to finance the development of 325 residential units in Greenwich.

CMS has been highly active in high-end investment and development finance involving a range of asset classes, with particular expertise in student accommodation, hotels, office and mixed-use properties, and care homes. The team also handles cross-border work, and is noted for its strength in large pan-European portfolio deals. On the lender side, clients include a number of international banks, while on the borrower side the team acts for property development and investment companies and real estate funds. Simon Johnston and Clive Swillman co-head the team. Andrew Besser is known for his advice to lender clients.

Practice head(s):Simon Johnston; Clive Swillman

Other key lawyers:Andrew Besser; Ian McGarr; Mike Delaney; Andrew McLean

Testimonials

'Ian McGarr is very knowledgeable on hotels and a friendly lawyer for both sides.'

Key Clients

Lloyds Bank plc

Bank of Ireland

HSBC Bank plc

UBS

Urbanest

Brockton

Santander

Deutsche Pfandbriefbank

Urban & Civic

The Bank of East Asia

Work highlights

  • Advising student accommodation provider Urbanest on the financing of a mixed-use development scheme in London, and on the refinancing of a different purpose-built student accommodation scheme.
  • Advising Bank of Ireland on its part-funding of the acquisition by Hana Property Holdings of the entire issued share capital of Wood Grafton One, owner of the OnePoultry building in London.
  • Advising Lloyds Bank on the development financing of a co-living space in Canary Wharf.
  • Advising an international bank headquartered in the Far East on the  refinancing of two central London commercial properties, and on the acquisition of another property in London.
  • Advising Cindat Capital Management on the financing of its acquisition of a 51% share in HCP Inc's entire UK property portfolio of care homes.

Dentons has extensive experience advising on acquisition and development finance, particularly in relation to offices and high-end residential build-to-rent (BTR) properties. On the lender side, the firm acts for a number of major financial institutions, including several Asian banks, and it is also expanding its borrower and debt fund client base. Cross-border European financings are another area of strength. Practice head James Irvine's expertise includes hotel financing and restructuring; Simon Tweedle and Simon Masri, who focuses on property and hotel investment finance and mixed-use development projects, are also key contacts.

Practice head(s):James Irvine

Other key lawyers:Simon Tweedle; Simon Masri

Testimonials

'Dentons has a strong, professional and commercial team providing reliable output.'

'Simon Masri is accessible, helpful, professional and highly competent.'

'Dentons has a presence in a large number of European countries and this makes the firm unique when advising on pan-European deals.'

'James Irvine is a strong partner, who has the patience and the expertise to explain the key points to his clients and find a solution in a timely manner.'

'The firm has a strong panel of solicitors and provides excellent advice on property and banking-related matters.'

'Simon Masri has excellent knowledge and good availability to discuss matters  (we have spoken several times out of office hours). He is committed to getting deals completed and supported well by a strong team.'

Key Clients

Lloyds Bank

HSBC Bank

Metro Bank

DBS Bank

Société Générale

Chenavari Investment Managers and its funding entity (AREO II Sarl)

Ho Bee Land

Aprirose

McArthurGlen

Harrison Street Real Estate Capital

United Overseas Bank

OCBC

Work highlights

  • Advising Lloyds Bank plc as lead arranger on the senior real estate finance investment facilities provided to an SPV within the Chen group of companies to acquire 5 Churchill Place in Canary Wharf.
  • Advising HSBC on an acquisition facility provided to SPV subsidiaries of Secure Income REIT Plc to purchase the Manchester Arena, the Brewery in Chiswell Street, London, and a portfolio of pubs in England and Scotland.
  • Advising Scottish Widows Limited on the refinancing of Empiric Student Property plc’s existing debt with a new ten-year, fixed rate term loan facility.
  • Advising the Hong Kong branch of DBS Bank on a loan facility to a joint venture vehicle owned by Wing Tai Properties and Manhattan Garments to acquire 30 Gresham Street, London.
  • Advising Metro Bank on providing funding to real estate investment company Aprirose to facilitate the acquisition of Wear Inns Limited, a pub group specialising in the acquisition and management of pub premises in Yorkshire and the North East.

DLA Piper is known for its expertise in cross-border financings, particularly advising on deals involving pan-European portfolios. The team regularly handles acquisition and development finance, advising clients on both the lender and borrower sides, and focuses on assets such as hotels, student accommodation, and co-living and co-working spaces. The firm also has a niche expertise in sports stadium financing, where Paul Gray is particularly active, and advises on restructurings and CMBS issuances. Toby Barker, whose expertise covers hotels and hospitality assets, leads the team, which also includes Christopher Chan.

Practice head(s):Toby Barker

Other key lawyers:Paul Gray; Christopher Chan

Testimonials

'Paul Gray is the go-to guy for stadium financing. He knows the team exceptionally well, and has deep knowledge of the market and the product. He is unflappable, calm under pressure, and extremely capable.'

'The team is very strong at representing client issues and guiding clients where needed.'

'DLA Piper provides a good, partner-led service.'

'Chris Chan is very commercial, gets to the heart of issues quickly and provides sensible solutions. The team is solid and gets the job done with minimal fuss.'

Key Clients

M&G

HSBC Bank Plc

Round Hill Capital

Aareal Bank AG

HIG

Cheyne Capital

KKR

Mace Developments

Goldman Sachs

Aviva

Mount Street

Solutus Advisors Limited

Work highlights

  • Acting for a joint venture comprising Round Hill Capital and KKR in relation to a forward funding development facility made available by Wells Fargo relating to four purpose-built student accommodation schemes across the UK.
  • Acting for Mace Developments in relation to a facility made available by Urban Exposure to assist with the development of a residential scheme in London.
  • Acting for Round Hill Capital in relation to the refinance of existing facilities by a US finance and insurance corporation secured against a portfolio of assets located across the Nordics, including Norway, Sweden, and Denmark.
  • Advising HIG Capital on the financing of the acquisition of a hotel and resort  in Germany by way of separate property and opco share acquisitions.
  • Acting for Herbal House Investments Limited on the refinancing of the mixed-use commercial and residential Herbal House building in London.

Jones Day has added several major banks to its strong lender-side client base; on the borrower side, the firm acts for a number of high-profile asset management and real estate investment firms. The team advises on investment and development finance, loan portfolio sales and acquisitions, and loan-on-loan and structured finance. It also has particular expertise in the PRS, hotel and student accommodation sectors. Practice head Andrew Barker counts senior and mezzanine lenders and equity investors among his clients, and Emily Stew regularly advises on acquisition and development finance.

Practice head(s):Andrew Barker

Other key lawyers:Emily Stew; Jeremy Philpott

Key Clients

Blackstone Real Estate Debt Strategies

Morgan Stanley

Wells Fargo Bank, National Association

Greystar

Bank of America Merrill Lynch

Banco Santander

Delancey

Royal Bank of Canada

Work highlights

  • Advising The Blackstone Group in connection with a senior secured facility provided to Seaforth Land to finance the acquisition and subsequent refurbishment of CAA House, a large office building in the City of London.
  • Advising Wells Fargo in connection with a senior facility agreement made available to Helical plc to finance the development of the over-station development at the Farringdon Crossrail Station.

Macfarlanes LLP is recognised for its strength on both the lender and borrower sides, advising a diverse range of developers, investors, funds and alternative lenders. The team has particular expertise in development finance, especially involving operating assets, such as in the BTR, student accommodation and hotel sectors, and also advises on investment finance and real estate portfolio transactions. Colin Morgan counts both UK and overseas lenders, borrowers and developers among his clients; Clare Breeze has a particular focus on joint ventures and investment and development finance; and Jat Bains specialises in debt finance transactions.

Practice head(s):Colin Morgan; Clare Breeze

Other key lawyers:Jat Bains

Testimonials

'Macfarlanes demonstrates teamwork between partners and associates. The individuals are all outstandingly hard workers, but also very calm and placid at tense transaction moments.'

'Clare Breeze really understands lenders' requirements for real estate finance, and is very practical and commercially minded.'

'The team is flexible, commercial and practical.'

'Jatinder Bains is always available, client centric and very bright.'

'The team is fabulous: proactive, diligent, detailed and thorough, yet efficient and courteous.  They understood our business very quickly and strongly fought our corner but remained practical and honest.'

'Jatinder Bains is fully engaged, always attentive and thoroughly well organised.'

'The team has in-depth knowledge of commercial matters, and is never flustered or caught out by counter-arguments.'

'Colin Morgan and Jatinder Bains give the impression they have previously experienced every eventuality as they never appear to be caught out in any situation.'

'The team offer a good service. They are a pleasure to deal with and fully engaged throughout the process.'

'There is easy access to the partners in the team, who are responsive and a pleasure to deal with.'

Key Clients

Canary Wharf Group

DBS Bank Limited

Ekistics Property Advisors

Goldman Sachs

ING Bank N.V.

Insight Investments

LaSalle Investment Management

Legal & General Property

Pluto Finance

Realstar Group

Supermarket Income REIT

Venn Partners

Westmont Hospitality Group

Work highlights

  • Advising Pluto Finance on a residential development facility to Sky Building No. 1 Limited to finance the development of New Horizons Court in Brentford.
  • Advising Realstar Group on a development facility for a new PRS tower in London, and on an investment facility from Venn Partners to refinance to BTR properties.
  • Advising Legal & General on the financing of Mustard Wharf, a residential and commercial development in Leeds, with HSBC Bank.
  • Advising a high-net-worth investor on a refinancing facility in respect of two large Sainsbury’s supermarkets in Hinckley and Middlesbrough.
  • Advising Canary Wharf Group on a facility to Heron Quays West (Pavilion) Limited to finance the development of the Quay Club, a new private members club in Canary Wharf.

Mayer Brown International LLP¬†is active in loan portfolio financings, including NPL acquisitions and disposals, complex restructurings, development finance, and debt fund and mezzanine lending. The team is also noted for its CMBS expertise. Clients range from leading investment banks to an increasing number of private equity firms, and the firm has been particularly active representing Asian investors into the UK real estate market. Nigel White¬†and Andrew Hepner, whose practice is focused on sponsor-side transactions, jointly lead the team. The ‚Äėcommercial‚Äė David O‚ÄôConnor¬†is also a key contact.

Practice head(s):Nigel White; Andrew Hepner

Other key lawyers:David O'Connor

Testimonials

'The team is very responsive, always on top of matters and runs a very tight ship.'

'David O'Conner is very responsive and is a very hands-on partner who will always be on top of things.'

'The team is commercial, has excellent market and technical knowledge, and is creative.'

'David O'Connor is very strong, always accessible, and has deep understanding of the important issues.'

Key Clients

Citigroup Global Markets Ltd

Morgan Stanley

HSBC

Gaw Capital Partners

St Modwen

TD Asset Management

H.I.G Capital

Canary Wharf Group

Finsbury Tower Estates Limited/CIT

Bank of America

Cheyne Capital

JP Morgan

Work highlights

  • Advising Gaw Capital in relation to a note purchase facility provided by Deutsche Bank in respect of the acquisition of the entity which owns the InterContinental Hotel in Porto, Portugal.
  • Advising Morgan Stanley and Citigroup as arrangers and lead managers on a CMBS transaction, which was used to fund Blackstone’s acquisition of Sponda, Finland’s largest real estate company.
  • Advising St. Modwen Properties PLC and its subsidiaries in relation to a  syndicated unsecured revolving loan facility and a subsequent residential development facility from the government's housing accelerator, Homes England.
  • Advising TD Asset Management on the financing of the acquisition by Talisker of the entity which owns The Cube in Birmingham city centre.
  • Advising Finsbury Tower Estates as borrower in a senior facility agreement, and Finsbury Tower Mezco as issuer in a mezzanine note issuance agreement. The facility and issuance proceeds are to be used for the refinancing and development of the Finsbury Tower, London.

Norton Rose Fulbright is known for its CMBS and residential mortgage-backed securities (RMBS) expertise, as well as for its strength in sharia-compliant investment and development finance, senior and mezzanine lending, and loan portfolio sales. Clients include lenders and borrowers, among them banks, real estate investment managers and property developers. The team is jointly led by Sarah Cullen, who regularly advises on domestic and cross-border debt financing and commercial and residential development financing, and Dan Kennedy, who handles complex new money and restructuring deals for borrowers and lenders.

Practice head(s):Sarah Cullen; Dan Kennedy

Other key lawyers:Richard Hughes

Testimonials

'It's the combination of being the trusted adviser and enjoyable to work with which makes this team so special. You want to be on their side.'

'Sarah Cullen is a standout. She's a pleasure to deal with and the go-to person for real estate finance work.'

'Norton Rose Fulbright has done a lot of high-profile financing work where scale, speed and institutional counterparties are all key factors. That complexity requires a firm with resources and leadership that knows how to lead to ensure efficiency and targeted delivery.'

'Sarah Cullen is succinct, decisive and commercial.  Her guidance and leadership have been excellent.'

'Norton Rose Fulbright provides a good service for real estate finance, with strong partners and associates.'

'Dan Kennedy is very thorough, detail oriented and able to explain in a clear and concise way what the key issues are, distilling complex issues into simple commercial points for his clients. He is client friendly, commercial and also able to defuse tense negotiations with his calm manner. He makes great efforts to be available for his clients and is very hands on.'

Key Clients

AEW Europe

Al Rayan Bank

The Arora family

Bank of China

Civitas Social Housing

Crest Nicholson plc

Deutsche Finance

DBS Bank

Eco World

GLL Real Estate Partners

HB Reavis

HSBC

Invesco

Ivanhoé Cambridge

Lloyds Bank plc

Münchener Hypothekenbank

The Northview Group

PPHE Group

RBS

Santander

SNIPUT

Stanbic IBTC Bank

The Standard Bank of South Africa

Sumitomo Mitsui Banking Corporation

Yoo Capital

Bank ABC

Danby Investments

Harlequins RFC

Standard Chartered Bank

First Rand Bank

Work highlights

  • Advising Bank ABC and a syndicate of banks on a senior Islamic facility for the development of a listed London property into a luxury apartment building.
  • Advising Al Rayan Bank Plc on the sharia-compliant securitisation of home purchase plans (HPPs).
  • Advising Danby Investments Limited and Marlin Apartments Limited as borrower in relation to a major hotel development.
  • Advising Harlequins Football Club Limited  on the proposed redevelopment of Harlequins rugby stadium in Twickenham.
  • Advising DBS Bank Ltd as lender in respect of facilities to a Luxembourg holding company relating to an opco/propco structure to refinance the acquisition of the Doubletree Hilton Hotel in London.

Paul Hastings LLP's practice specialises in debt origination, complex structured joint ventures and funds, and CMBS. It also regularly handles cross-border transactions and sharia-compliant financings. The team counts lenders, borrowers and sponsors among its clients, including many major funds and financial institutions. Justin Jowitt leads the team; his areas of expertise include senior and mezzanine investment and development facilities, and loan sales and distribution. Jennie Dorsaint, who has extensive experience in cross-border financing and restructuring transactions, and Miles Flynn are also recommended.

Practice head(s):Justin Jowitt

Other key lawyers:Jennie Dorsaint; Miles Flynn

Testimonials

'Paul Hastings has a small, knowledgeable team which offers tons of access to partners. They are dedicated to finishing things on time and coming up with creative solutions.'

'Miles Flynn is everything you could want in a partner: intelligent, hardworking, tenacious when he needs to be, and incredibly commercial, both on deals and as a client relationship person.'

'Paul Hastings has a good team, which is commercially focused and has a good working relationship with the other legal teams that act on the banking side.'

'Jennie Dorsaint is very willing and happy to co-ordinate the other teams (such as property and tax) on more complex financings and restructurings.  She is measured and focused on getting the result.'

'The team at Paul Hastings is always well resourced, knowledgeable, practical and solutions oriented. It's a pleasure to work with them.'

'Justin Jowitt is possibly my favourite legal adviser. He's commercial, practical and also a good laugh. He gets the work done efficiently and is highly accessible.'

'The team provides a very good service. It is always on top of things and available. It's a small team but it punches above its weight.'

'Justin Jowitt is very accessible as a partner; he is very hands-on, provides very commercial advice and sees the bigger picture.'

'The team provides detailed and succinct commercial advice.'

'The practice is our go-to choice for complex financing advice.'

Key Clients

Starwood European Finance Partners Limited

Bank of America Merrill Lynch International Designated Activity Company

Investec Bank Plc

Aareal Bank AG

JP Morgan

Morgan Stanley

AIG

Deutsche Bank

Evans Randal

Och-Ziff

Link Mortgage Servicing (formerly Capita Mortgage Servicing)

Situs

Freehold Corporation

DRC Capital

Oaktree Capital

Fairfield Real Estate Finance

Work highlights

  • Advising Link Asset Services (London) Limited as servicer to the senior loans held by, amongst others, two securitisation issuers (Theatre (Hospitals) No. 1 plc and Theatre (Hospitals) No. 2 plc) with respect to the second major restructuring of the debt secured by 35 hospitals tenanted by BMI Healthcare.
  • Advising a controlled affiliate of Starwood as borrower on a refinancing and restructuring of assets, and advising a Starwood controlled affiliate as borrower in the acquisition financing of a portfolio of 131 Irish residential assets.
  • Advising Aareal Bank AG as lender, agent and arranger on the financing of Valesco and AIP’s purchase of Cannon Bridge House, London.
  • Advising Starwood European Finance Partners Limited as arranger and lender on the acquisition and redevelopment of luxury seafront resort Ikos Andalusia.
  • Advising BAML as arranger and original lender in respect of a financing for M7 Real Estate Limited’s dedicated French fund in its acquisition of a number of separate portfolios of commercial real estate properties, and as original lender in relation to a loan-on-loan financing for a pan-European investment adviser.

Pinsent Masons LLP¬†is known for its strong lender-side client base, which includes traditional clearing banks, German mortgage banks and specialist real estate lenders, as well as an increasing number of US lenders and Middle Eastern banks. The team advises on acquisition and development finance, loan portfolio purchases, and the restructuring of real estate finance transactions, and is highly active in the hotel financing space. The ‚Äėhighly rated‚Äė William Oliver¬†leads the practice, while¬†Frances Mallender¬†advises on financing for a range of asset classes, including hotels, student accommodation and healthcare facilities.

Practice head(s):William Oliver

Other key lawyers:Frances Mallender

Testimonials

'Pinsent Masons is a very professional firm and well regarded in the sector. The level of detail is appropriate to the transaction and well communicated.'

'William Oliver has a very professional approach and communicates well during the transaction, remaining available and easy to approach.'

'The team is very approachable and professional, and has built a good relationship with us: it is efficient and a trusted adviser.'

'The level of service, particularly with regard to speed of action and accessibility, is above what I have generally seen. Additionally, the partners stay involved and in control. The team offers a strong insight and is very commercial.'

'William Oliver and Frances Mallender are both extremely commercial and provide a high level of service and sector expertise. They always outline material risks, highlighting mitigants available, and are well respected by both those they are representing and those they are acting against. Both are always available to answer queries and meet tight deadlines.'

Key Clients

HSBC UK Bank plc

The Royal Bank of Scotland plc / National Westminster Bank plc

AAReal Bank AG

National Bank of Kuwait

Mount Anvil

Homes England

RDI REIT PLC

Qatar National Bank

Wells Fargo

SACO Property Group

Sir Richard Sutton Limited

Hines

Lendlease

Emirates NBD Bank

Ardstone Capital

Work highlights

  • Acting for Redefine AUK Holdings Limited, a subsidiary of RDI REIT P.L.C., with respect to the refinancing of the AUK portfolio purchased in 2016.
  • Acting for a syndicate of banks with respect to the refinancing of a revolving facility provided to a leading London area housebuilder.
  • Acting for a syndicate of banks with respect to the refinancing of a facility provided to a trust relating to a portfolio of shopping centres across the UK.
  • Acting for a bank on the refinancing of a facility provided to a developer in relation to a regeneration project in London.
  • Acting for a client on the refinancing of its UK office portfolio.

Simmons & Simmons acts for lenders and borrowers, with a strong client base of leading investment banks and debt funds, as well as retail banks, insurance lenders, investors and developers. The team advises on investment and development finance, senior and mezzanine lending, real estate restructuring, and portfolio deals, and is noted for its ability to handle sharia-compliant financings and pan-European transactions. Following the retirement of Simon Kildahl, the team, which is led by Mark Waghorn, was bolstered at partner level with the promotion of Paula Macnamara and the arrival of James Taylor from Paul Hastings LLP.

Practice head(s):Mark Waghorn

Other key lawyers:Helen Hagan; Will Greig; Paula Macnamara; James Taylor

Testimonials

'Simmons & Simmons is definitely a "can-do" team with bags of experience and a happy mix of professional advisory and common sense when dealing with clients.'

'The firm has a good team with a great sense of relative priorities for the various areas of negotiation.'

'Simmons & Simmons has a responsive, organised and client-focused team, which is able to consider the unique angles to a financing and sensitive to private clients' needs.'

'Mark Waghorn and Paula McNamara are very good quality.'

'Mark Waghorn is a first-class lawyer and business partner and is a hugely authoritative force in the market. He enjoys a respect and personal gravitas on transactions which in my experience is unrivalled.'

'The real estate finance team at Simmons & Simmons is my go-to choice, because the people, quality of work, speed of response, counterparty management, and deal management are exceptional.'

'Mark Waghorn is simply the best lawyer I have ever used. He has a natural style backed by expertise and experience that simultaneously operates in the detail and the bigger picture. This creates a natural authority and calm that keeps both his own team and the lawyers on the other side of the transaction focused and effective in moving the transaction along.'

'Mark Waghorn and his team are extremely professional and efficient with complex lending transactions. It is an extremely reliable, trusted firm.'

'Mark Waghorn is an exceptional business partner.'

Key Clients

Valor

Santander

British Land

AgFe

Cheyne Capital

ICG Longbow

ING

Ingenious

Work highlights

  • Advising Valor Real Estate Partners as borrower in respect of the multi-tranche facility to refinance the acquisition of a portfolio of UK industrial/logistics assets.

Stephenson Harwood has a wide-ranging client base of borrowers and lenders, including overseas and clearing banks, insurers, funds and corporate borrowers, as well as a growing number of Asian investors. Investment and development finance are areas of strength for the team, which advises on transactions involving hotels, care homes and retail properties. The team is led by James Linforth, and also includes Jayesh Patel, Paul Hayward-Surry (who specialises in the commercial real estate, residential housing and hotel sectors) and Jonathan Proctor.

Practice head(s):James Linforth

Other key lawyers:Jayesh Patel; Paul Hayward-Surry; Jonathan Proctor; George Vaughton

Testimonials

'Jon Proctor is very engaging, listens well to clients' concerns, and takes a sensible approach in a collaborative manner.'

'The team is very hands on and willing to take the time to talk you through points.'

'The team are always willing to take the time to discuss matters. They are not afraid to give their views and opinions on points and also are good at keeping you updated on where they are with a deal.'

'Stephenson Harwood has a longstanding team who have worked closely with each other for a number of years, and know how to work to their strengths. They have excellent knowledge of the market, and adopt a commercial approach to ensure deals get done to the satisfaction of lender and borrower alike.'

'The individuals in the team are very friendly and easy going, which makes dealing with them on a daily basis a pleasure rather than a chore. They have a depth of skills and are very commercial, being cognisant to the clients' needs and what is required to drive the transaction on to completion.'

'James Linforth is very proactive and goes above and beyond expectations when called upon.'

'Stephenson Harwood understands the client's business and provides high-quality advice. The team takes a pragmatic approach to issues and finds the right balance between the legal advice and the practical and commercial implications.'

'Stephenson Harwood has a good and strong team. I would particularly flag James Linforth and Jon Proctor as being strong performers.'

'The team offers strong associate support with excellent partner involvement, and takes a calm and reasoned approach to matters.'

'James Linforth is always available for discussion with a friendly, calm and reasoned approach, and avoids overcomplicating matters.'

Key Clients

Wells Fargo Bank N.A.

ING Bank N.V.

Native Land

DBS

Barings Real Estate/Massachusetts Mutual Life Insurance Company

Schroders plc

Bank Leumi (UK) plc

Sumitomo Mitsui Banking Corporation

HSBC UK Bank plc

The Royal Bank of Scotland plc

NatWest

Coutts

RBSI

Work highlights

  • Advising a bank syndicate led by HSBC as agent on facility made available to Mount Eden Land, secured on a large portfolio of commercial property located in London.
  • Advising GRIT Real Estate on the financing of its acquisition of commercial real estate in Accra, Ghana.
  • Advising Tristan Capital Partners on the refinancing of office space Imagination House and Innovation Centre in Hertfordshire.
  • Advising Barings Real Estate Advisers as arranger, agent and lender in connection with a loan to the Hao Tian Investment Company Limited to finance the purchase of an office and retail building in the City of London.
  • Advising HSBC Bank on financing the acquisition by the Falcon Group of Falcon House in London.

Baker McKenzie is noted for its strength in cross-border property finance transactions, particularly involving pan-European portfolios. The firm acts for a number of banks and alternative lenders, and has seen an increase in work from Asian investors into the UK. The team also advises on restructuring issues, mezzanine structures, acquisition and development finance, and CMBS and RMBS matters, and has a specialism in hotel financing, both in the UK and abroad. Practice head Sebastien Marcelin-Rice has particular expertise in advising on UK deals involving foreign assets.

Practice head(s):Sebastien Marcelin-Rice

Other key lawyers:Justin Salkeld

Testimonials

'Baker McKenzie has a very proactive team with good internal communication.  It is a well-stacked team - there is never any shortage of capable lawyers.'

'Sebastien Marcelin-Rice takes the initiative and is particularly knowledgeable in respect to France and Italy.'

'The team members are all very approachable, capable and active in building a strong REF practice.'

'Sebastien Marcelin-Rice excels at navigating through complex legal issues and coming up with effective and creative solutions to challenging problems, all whilst keeping a cool head. He is very accessible and a good communicator. His language skills are also very impressive and are extremely useful when dealing with complicated cross-border European issues.'

Key Clients

Landesbank Baden-Württemberg

CIMB Bank Berhad

Sumitomo Mitsui Banking Corporation

Work highlights

  • Advising Landesbank Baden-Württemberg on the refinancing of two London-based real estate assets, including a prominent building in South Bank.
  • Advising various syndicates of banks (led by CIMB Bank Berhad, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation, respectively) on the real estate financing of the Battersea Power Station redevelopment, including various restructurings.
  • Advising Employees Provident Fund, a Malaysian government pension fund, on the refinancing of a UK property portfolio.

Fieldfisher has specialist expertise in real estate finance matters involving operating assets, such as hotels, care homes and senior living facilities, and student accommodation. The team is also highly active in handling loan-on-loan deals, and has a strong debt fund client base. Other clients include clearing banks, specialist real estate banks and real estate asset managers. Philip Abbott and John Nelmes lead the team, which was recently bolstered by the arrival of Christian Francis and Iain Thomas from DWF. Jayne Backett has expertise in complex development finance projects.

Practice head(s):John Nelmes; Philip Abbott

Other key lawyers:Christian Francis; Iain Thomas; Jayne Backett

Testimonials

'The team is extremely personable, easy to communicate with, and responsive. The firm is able to pull together a cohesive team across multiple service areas to work effectively and efficiently together. The analysis we receive is always thoughtful and considered from a legal perspective and well balanced against commercial requirements.'

'There is depth in the team so we always have access to a highly qualified contact. We receive an excellent quality of service.'

'The breath of the team really helps, together with the knowledge that if we really need the senior partner's time he is normally available immediately.'

Key Clients

PBB Deutsche Pfandbriefbank AG

Lloyds Banking Group

Bank of Ireland

Business Lending Group

Europe Arab Bank plc

ICG Longbow

Kaupthing Singer & Friedlander Limited (in administration)

Santander UK plc

Standard Chartered Bank

Dominvs Group

Bank of America Merrill Lynch

Tyndaris LLP

RM Capital

Tunstall Real Estate Asset Management

Work highlights

  • Advising an overseas investor on borrowing from a debt fund to purchase debt secured on six hotels in the UK from a hedge fund, and on a subsequent restructuring.

Gowling WLG is known for its strong UK clearing bank client base, but it also acts for an increasing number of debt funds and alternative lenders, REITs and borrower funds, and German banks. The team has been highly active advising on development projects, with expertise in a range of sectors, including student accommodation, hotels and PRS. Practice head Nick Turner has notable experience advising debt funds on distressed real estate finance deals. The team also includes Jon Lent, who specialises in hotel, student accommodation and healthcare financing.

Practice head(s):Nick Turner

Other key lawyers:Jon Lent; Matthew East

Testimonials

'Gowling WLG has a highly experienced team with broad and deep knowledge of debt finance transactions and strong commercial acumen.'

'Jon Lent is a strong negotiator, with detailed technical knowledge, and always makes time to discuss, talk through and explain matters.'

Key Clients

ICG-Longbow

HSBC Bank plc

HSBC Private Bank

LBBW

Nuveen Real Estate

Quadrant Real Estate Advisors

Gravis Capital Management (as investment manager of a number of funds)

London and Cambridge Properties

Empiric Student Property PLC

Deutsche Hypo

HC-One Limited

M&G Real Estate Limited

Peritus Corporate Finance

Savills Investment Management

Tier One Capital Limited

Stenprop Limited

Alpha Real LLP

Downs Road Limited

Svenska Handelsbanken

Telereal Trillium

Hayfield Homes Limited

Work highlights

  • Advising (along with club lenders) on Phase 4 of the Greenwich peninsula development for Knight Dragon, involving a £225m secured development facility.
  • Advising Quadrant Real Estate Advisors on a series of facilities to finance the acquisition and development of various properties.
  • Advising Deutsche Hypo on a series of loan facilities relating to several different developments.
  • Advising HSBC Bank plc on a number of commercial real estate, hotel and residential loans.
  • Advising Jersey-listed investment fund GCP Infrastructure Fund on refinancing and warehouse facilities from the Royal Bank of Scotland and ING Bank.

K&L Gates LLP has particular expertise in structured real estate finance and CMBS, and also advises on restructuring. Other areas of strength for the team include cross-border transactions, particularly involving assets in Europe. The firm counts a number of overseas banks and debt funds among its clients. Richard Hardwick has been particularly active in development finance matters, while James Spencer has extensive experience in commercial real estate loan transactions. Former practice head Andrew Petersen moved to Alston & Bird LLP.

Other key lawyers:Richard Hardwick; James Spencer

Testimonials

'The team is very knowledgeable, commercial and responsive. They also develop a good understanding of a client's requirements and the risks they face.'

'As well as the in-depth knowledge they have, the individuals in the team are strong communicators and have a good sense of the practical implications of the advice they provide.'

'The team is very professional and trustworthy. They also have the ability to call on other expertise within the firm when required.'

Key Clients

Angelo Gordon, Netherlands

BlackRock Financial Management Inc.

CBRE Loan Services Limited

GAM Real Estate Finance

Gatehouse Bank PLC

Industrial and Commercial Bank of China Limited, London Branch

Investec Bank Plc

Lloyds Bank PLC

Mount Street Hibernia Servicing Limited

Mount Street Mortgage Servicing Limited

Starz Real Estate

Trust Inns Limited

Work highlights

  • Advising Mount Street Mortgage Servicing Limited as facility agent and security agent on a high-value multi-property financing transaction by Deutsche Bank.
  • Advising Industrial and Commercial Bank of China Limited, London Branch, as arranger and lender in relation to a facility for the acquisition of a prime office building in the City of London.
  • Advising an international debt fund on a senior term loan financing secured on hypermarkets situated in Northern Spain.
  • Advising the London branch of a foreign bank in relation to new property development facility to part-finance the development of approximately 450 residential units in England.
  • Advising Trust Inns Limited in relation to a new term loan facility provided by Macquarie Bank Limited, secured over Trust Inns' portfolio of approximately 350 public houses located in England, Scotland and Wales.

Kirkland & Ellis International LLP¬†represents many of the market‚Äôs leading private equity sponsors, in addition to sovereign wealth funds, pension organisations and other financial investors. The team advises on high-profile acquisition and development financings and restructurings, and has particular expertise in European NPL portfolio transactions. The practice is led by the ‚Äėvery talented‚Äė¬†Jonathan Birks, and also includes¬†NPL specialist Richard Semple, newly promoted partner James Esterkin¬†and Kazik Michalski, who joined from Simpson Thacher & Bartlett LLP¬†in 2018.

Practice head(s):Jonathan Birks

Other key lawyers:Richard Semple; James Esterkin; Kazik Michalski

Testimonials

'The team is an incredibly strong collection of individuals who excel at teamwork and thus produce a consistent and seamless experience for the client.'

'Jonathan Birks deserves special mention for his perseverance, willingness to discuss and negotiate at all hours, excellent professionalism and subject matter knowledge.'

'The team stands out for its ability to put the commercial consideration at the forefront of its analysis.'

'What makes Kirkland & Ellis unique is the extraordinary consistency of the individuals who work for it. No matter the project, you can always expect that the full team, from partner to juniors, will be of outstanding quality and commitment.'

'Richard Semple and James Esterkin were impressive for their availability, strong commitment, attention to detail and, most importantly, an incredible ability to grasp commercial issues and solve them in advance for the client.'

'The team is professional, easy to collaborate with and has excellent sector-specific knowledge. It is very commercial, experienced and - most importantly - able to explain complicated legal issues and structures in straightforward ways, avoiding legal jargon.'

'Richard Semple and James Esterkin are a very supportive and knowledgeable duo; they are highly responsive and very hardworking, and did their best to ensure the timely completion of the transaction.'

Key Clients

Bain Capital Credit

The Blackstone Group

Brookfield

Centerbridge Partners

KKR

Ares Management Limited

Global Logistics Properties (GLP)GIC

TPG Real Estate

Lone Star Funds

Work highlights

  • Advising Centerbridge Partners and KKR as the lead investors in a major recapitalisation of the UK hospital landlord General Healthcare Group and its principal tenant BMI Healthcare.
  • Advising Bain Capital Credit (BCC) on the term loan financing by Goldman Sachs of BCC’s acquisition of a portfolio of Greek real estate secured NPLs.
  • Advising Blackstone on the financing of its acquisition of live events business NEC Group, which owns the largest exhibition centre in the UK.
  • Advising Brookfield in relation to the corporate and financing aspects of a take-private bid for Intu Properties plc (the largest owner of shopping centres in the UK) by a consortium led by Brookfield.
  • Advising BCC on the term loan financing by Barclays of its acquisition of a portfolio of Spanish distressed properties and secured NPLs.

Mishcon de Reya LLP is noted for its diverse borrower and lender client base, including banks, funds, investors and real estate developers. The team handles acquisition, investment and development finance, and structured finance, and has been particularly active in transactions involving student accommodation and co-living and co-working assets. The practice is led by Nick Strutt, whose expertise covers restructuring and enforcements.

Practice head(s):Nick Strutt

Testimonials

'Mishcon de Reya is a first-class firm, providing high levels of specialist knowledge and strong customer service. The team are excellent communicators, technically brilliant and commercially savvy.'

'Nick Strutt's key quality is his willingness to be responsive and progressive.'

'The team has expertise across the spectrum of potential financing structures and various sectors; always goes above and beyond to ensure good service and speed of execution; and has a firm understanding of what is required from the client to ensure their position is protected.'

'The team stands out for the level of knowledge and competence at all levels of the business, from paralegals to partners. If I have a query, I will always get a quick, clear and definitive response. The team is very good at controlling the transactions and ensuring each party is fully aware of what needs to be done.'

'Raji Bartlett is without doubt one of the best real estate finance lawyers in the City.  He has amazing attention to detail and is the best draftsman I have come across.'

Key Clients

Investec Bank PLC

Delancey

Brookfield

Europa Capital Mezzanine

OakNorth

Cerberus Debt Fund

PGIM

Chelsfield Partners LLP

Catalina Insurance

Equitis Property Fund

BLME

Work highlights

  • Advising Equites Property Fund Limited on the refinancing of three completed development properties by subsidiaries of the client.
  • Advising Brookfield (Student Roost) on financing the acquisition and development (by way of a forward funding arrangement) of a managed student accommodation building in Sheffield.
  • Advising Brookfield on the financing of the acquisition of 16 student accommodation properties by a specialist student accommodation fund managed by the client.
  • Advising Prudential Insurance Company of America on the refinancing of five properties owned by Vistra Trust Corporation (UK) Limited as trustee of the Property Income Trust for Charities.
  • Advising Delancey Estates on the financing of the development of a logistics centre for a joint venture company owned together with db Symmetry.

Osborne Clarke LLP is active in transactions involving a wide range of real estate assets, including retail, logistics, student accommodation, retirement living, BTR and hotel properties. The team advises on development and investment finance and refinancings, acting for a mix of borrower and lender clients. Practice head Madeleine Clark acts for UK clearing banks as well as a number of international lenders and specialised real estate debt funds; Nick Padget specialises in high-value portfolio transactions; and Jason Lawrance has experience in cross-border financings.

Practice head(s):Madeleine Clark

Other key lawyers:Nick Padget; Jason Lawrance; Ben Truman

Testimonials

'Osborne Clarke has a highly accessible and responsive team who are a pleasure to work with.'

'Ben Truman is a great lawyer with whom to work. He is responsive, accessible and tries to provide solutions when issues arise.'

'Osborne Clarke is very linked up between the the various teams - there is an exceptionally strong partnership between property, finance and the ancillary other teams that may be drawn in.'

Key Clients

Lloyds Bank plc

Orchard Street Investment Management

Locksbridge Developments Limited

Crocus Street Limited

Coutts & Co

Malayan Banking Berhad

Work highlights

  • Advising Lloyds Bank plc on a loan to a special purpose vehicle to acquire the entire issued share capital of the owner of Sherbourne House.
  • Advising a syndicate of banks on a loan to assist with the development of a high-end retirement living complex in central London.
  • Advising Orchard Street Investment Management on a loan to refinance the various borrowers’ existing indebtedness, which was secured on a mixed pool of real estate assets, including retail and office properties.
  • Advising a syndicate of lenders on refinancing secured against 600 primarily residential properties.
  • Advising a French bank on a facility to refinance the existing indebtedness of the borrower in relation to the Pullman Hotel in Charing Cross.

Reed Smith LLP¬†has a diverse client base of lenders and borrowers, with particular strength in acting for private debt funds. Among other areas, the team advises on development finance, the acquisition of commercial real estate NPL portfolios, and CMBS and RMBS transactions, and has expertise in hotels, student accommodation and PRS. The firm also has a strong reputation for cross-border European work. Practice head Francisca Sep√ļlveda¬†specialises in multi-jurisdictional transactions; Kamal Arulvel¬†and Angelina Soon¬†are also key members of the team.

Practice head(s):Francisca Sepúlveda

Other key lawyers:Kamal Arulvel; Angelina Soon

Testimonials

'Kamal Arulvel has a strong technical background and knows the area well.'

Simpson Thacher & Bartlett LLP is noted for the strength of its sponsor-side practice, acting for the market’s leading private equity real estate funds. The team has particular expertise in high-value acquisition finance, especially involving pan-European real estate portfolios, and also advises on refinancings and loan portfolio transactions. Tom Lloyd heads the practice; he has extensive experience in cross-border financings and handles matters involving a range of asset classes, including residential, office, logistics and commercial properties.

Practice head(s):Tom Lloyd

Testimonials

'The team has an outstanding performance, particularly in the negotiation and co-ordination of multi-jurisdictional deals across Europe.'

'Tom Lloyd is one of the most brilliant and reliable partners I have met. Particularly oriented on sponsor-side deals, he is a sharp negotiator, pragmatic in his solutions and successful in his results. It is really difficult to have a bad deal if you are a sponsor closing a financing and Tom is on your side.'

'Tom Lloyd stands out as a leading real estate finance lawyer.'

Key Clients

The Blackstone Group

Goldentree Asset Management

Kohlberg Kravis Roberts

Biomed

Northwood Investors

Round Hill Capital

Work highlights

  • Advising Testa Residencial on its financing in connection with a large portfolio of residential units located across Spain.
  • Advising the Blackstone Group on the refinancing of Germany's largest office building, The Squaire in Frankfurt.
  • Advising the Blackstone Group on the refinancing of its acquisition of two Spanish logistics portfolios.
  • Advising the Blackstone Group on the refinancing of its acquisition of a portfolio of pan-European assets.
  • Advising the Blackstone Group and Telereal Trillium on the financing for the joint venture acquisition of part of Network Rail's commercial real estate portfolio.

White & Case LLP¬†has extensive experience advising on multi-jurisdictional transactions, particularly those involving pan-European asset portfolios. The team handles¬†loan originations, syndications, NPL acquisitions, loan-on-loan transactions, and CMBS and RMBS matters for a range of borrower and lender clients, including banks, sovereign wealth funds, debt funds, private equity houses and property investors. ‚ÄėGood operator‚Äė Jeffrey Rubinoff¬†leads the practice, while Victoria Landsbert¬†specialises in acting for banks and alternative capital providers. Former practice co-head David Cox¬†departed for King & Spalding LLP, but the team also saw the arrival of Sudhir Nair¬†from Baker McKenzie.

Practice head(s):Jeffrey Rubinoff

Other key lawyers:Victoria Landsbert; Sudhir Nair

Testimonials

'The team is extremely thorough, with great attention to detail, and very responsive - it provides a highly professional service.'

'Victoria Landsbert is very knowledgeable and thorough, a strong negotiator and good to have on your side.'

'White & Case has one of the most responsive teams I have ever dealt with.'

'Vicky Landsbert is extremely responsive and conscientious.'

'The team works seamlessly across the various offices.'

'Jeffrey Rubinoff is a savvy negotiator and general LMA expert.'

Key Clients

Bank of America Merrill Lynch

LabTech Investments Limited

Westmont Hospitality Group

Canada Pension Plan Investment Board (CPPIB)

Royal Bank of Canada

Goldman Sachs

J.P. Morgan

Kildare Partners

GIC

Work highlights

  • Advising Bank of America Merrill Lynch and Royal Bank of Canada as lenders in connection with the financing to Ares for the acquisition and ongoing capex needs of a pan-European portfolio of logistics assets.
  • Advising LabTech Investments Limited on the amendment and restatement of a facility agreement with AIG Asset Management to allow for the addition of a new property to the collateral pool.
  • Advising Westmont Hospitality Group on the acquisition of a portfolio of 11 hotels in the Netherlands.
  • Advising Canada Pension Plan Investment Board on its participation in a mezzanine loan facility arranged by Citigroup for the acquisition of serviced-office operator London Executive Offices.
  • Advising Standard Chartered Bank on the financing for the acquisition of the Waldorf Astoria hotel in Edinburgh.

Bird & Bird LLP advises major domestic and international banks, investment funds and developers on acquisition, development and investment finance involving a variety of asset classes, including office, residential, hotel and retail properties. Jonathan Baker, who has particular expertise in advising on PPP and outsourcing projects, leads the practice.

Practice head(s):Jonathan Baker

Testimonials

'Bird & Bird's team is knowledgable and supportive. They provide accurate and detailed information and commercial views.'

Real estate boutique Brecher LLP has particular expertise in development finance, and is highly active in the residential property sector, advising on assets ranging from high-end properties to mixed-use projects. Clients are predominantly lenders: the team acts for clearing and specialist banks, as well as bridging lenders. Richard Gilchrist leads the team, which also includes managing partner Nicky Richmond. The practice was bolstered by the arrival of Charles Bezzant from Hamlins LLP in October 2018.

Practice head(s):Richard Gilchrist

Other key lawyers:Nicky Richmond; Charles Bezzant

Testimonials

'Brecher has in-depth knowledge in relation to mid-market loans, particularly for residential development finance. The team has a comprehensive understanding of the law in this field, knowledge of their market and strong long-term client relationships. Every lawyer is directly involved in matters: this approachability and very personal service means that the whole Brecher team not only meet but often exceed my requirements.'

'Brecher provides a fast, efficient and quality service with an approachable team, which is great at solving problems and finding solutions.'

'The whole Brecher team can be trusted to ensure matters complete quickly and without fuss.'

Key Clients

Shawbrook Bank Limited

Close Brothers Limited

Pluto Finance

Hampshire Trust Bank Plc

Handelsbanken

Investec Bank Plc

Jordan International Bank plc

National Westminster Bank Plc

United Trust Bank Limited

Paragon Development Finance Limited

Urban Exposure Plc

Downing LLP

Work highlights

  • Advising Urban Exposure on a senior debt facility to fund the acquisition of land and development of 53 luxury residential apartments, above commercial units, in Falmouth.
  • Advising Investec Bank on an increased investment loan to Ballymore Group to refinance two light industrial sites in east London, with the intention of converting them into residential properties.

Burges Salmon LLP has a strong reputation for lender-side work, particularly for acting for traditional UK clearing banks; its client base also includes a range of international banks, investment banks and funds. The team is active across a variety of asset classes, including hotels, housing, student accommodation, healthcare and agricultural properties, and also has Islamic finance expertise. The team is led by Paul Browne and Richard Leeming.

Practice head(s):Paul Browne; Richard Leeming

Other key lawyers:Colin Ligman; Sally Jupp

Testimonials

'Burges Salmon has a strong team, which is very knowledgeable and always willing to go the extra mile.'

'Sally Jupp manages a transaction from start to finish and always keeps me appraised of what is going on from both the finance and property perspective. Her attention to detail and organisational skills are second to none. She is an excellent lawyer.'

'The Burges Salmon team creates a positive atmosphere that suggests you are their only client when in fact they are a multi-disciplined firm with many partners and colleagues providing a dedicated service to all.'

'Colin Ligman and Richard Leeming are two exceptional lawyers in their respective fields of property and banking. The firm has excellent teams in support but maintains strong partner overview and guidance.'

Key Clients

Lloyds Banking Group

HSBC Bank plc

The Royal Bank of Scotland plc

DRC Capital

Gravis Partners LLP

ICG Longbow

Helaba

Urban Exposure

Work highlights

  • Advising HSBC and Bank Leumi in connection with the financing of Audley Group, a provider of luxury retirement villages, to cover the costs of land acquisition and development for further properties.
  • Advising Metropolitan Life Insurance Company on a transaction involving a significant investment facility to an SPV backed by a multinational asset manager for the acquisition of a BVI company owning a property in central London.
  • Advising residential development finance provider Urban Exposure on an investment facility with Restlane Limited, secured against a Premier Inn in Cardiff.
  • Advising a global alternative asset manager on its refinancing of existing commitments and fund approved capex works at hotels owned by a luxury hotel group.
  • Advising a European commercial real estate debt fund on the provision of an investment and development facility for a hotel in Dublin.

Charles Russell Speechlys LLP acts for a mix of lenders and borrowers; the firm’s client base includes major banks and private banks, property developers and high-net-worth individuals, and new market entrants such as debt funds and challenger banks. Areas of strength include healthcare, student accommodation, industrial and residential property, and data centre financing. The team also has experience in sharia-compliant transactions. Paul Kay, who counts an increasing number of Asian investors among his clients, leads the team.

Practice head(s):Paul Kay

Other key lawyers:Jon Bond

Testimonials

'Paul Kay is highly rated: he provides a hands-on service, explaining the complexities of the transactions and providing pragmatic advice.'

'The team is pragmatic with quick turnaround times.'

'We receive prompt and helpful advice from the team.'

'Charles Russell Speechlys provides exactly what we need to conclude transactions as quickly as circumstances permit.'

'It is a very user-friendly team - its proactive, commercial and generally sensible approach helps to cut through issues quickly and with minimal fuss.'

Key Clients

Lloyds Bank

Octopus Property

Topland Jupiter Limited

Metro Bank

Lombard North Central

Royal Bank of Canada

Northridge Capital

Aeriance Investments SA

Henley Investments Limited

Puma Investments

Country Court Care Homes Limited

Ekistics Property Advisors

OakNorth Bank

Salamanca Group

Downing

Caring Homes Group

Work highlights

  • Advising nursing care home operator Country Court Care on a refinancing with alternative investment manager Cheyne Capital, including an additional development facility to fund a pipeline of seven new-build assets nationwide.
  • Advising Octopus Property in relation to a loan sale arrangement with deferred consideration whereby the existing lender is novating its loan and assigning its security package to Octopus Property relating to a property development in Clapham, London.
  • Advising Metro Bank plc in respect of a bilateral facility agreement to finance the acquisition (by way of share purchase) by a care home group of two companies operating care homes in the south of England.
  • Advising Salamanca Group on the financing of a large-scale brownfield site in Somerset known as Huntspill Energy Park to be developed over the next few years.
  • Advising Octopus Property on a senior secured loan to refinance the costs of the acquisition of a site in Coventry and to fund its subsequent development into a student accommodation block.

Clyde & Co LLP has particular expertise in advising on high-end property acquisitions, development finance, onshore and offshore investment structures, and cross-border, sharia-compliant transactions. The team’s client base includes property development and investment companies, funds, major financial institutions and challenger banks; it also acts for a number of clients from the Middle East and Far East. Practice head Chris Lenton specialises in advising on mixed-use developments.

Practice head(s):Chris Lenton

Other key lawyers:Annabelle Redman; Sam Clarke; Andy King

Testimonials

'The team was very approachable and provided technical expertise and clearly explained the nature of various legal documents. They were very responsive, provided a very efficient service and met some very challenging deadlines. They came up with pragmatic solutions when required and kept us updated on a regular basis. They displayed a great teamwork ethic.'

'The service is extremely cost effective, especially given the level of engagement.'

'The team is excellent not just legally but commercially too. They are responsive, work to deadlines and are excellent at closing transactions in tight timescales.'

'The team is able to explain key clauses simply to enable understanding by non-lawyers.'

'Clyde & Co has a very thorough team that provides detailed analysis on the various aspects of a transaction.'

'The team takes the initiative by going beyond what is required without inflating legal fees; the practice has skilled individuals who are always able to provide the right information; and the client relationship is one of the best I have had.'

'Annabelle Redman is a great professional who always provides relevant advice and thinks about unforeseen matters. She is always available to help.'

'The team has sensible and technical practitioners.'

Key Clients

U+I Group

Credit Suisse

Regal London

Secure Trust Bank

Urban&Civic

Roundshield Partners

Freshwater Group

One 55 Fenchurch

Aldgate Developments

Ingenious Real Estate

Marcol

Lendinvest

Dechert LLP‚Äės expertise covers acquisition and development finance; securitisation, including¬†CMBS and RMBS; and advising¬†large US and European financial institutions on originating loans secured against commercial real estate in the UK and Europe. The firm‚Äôs client base also includes¬†alternative asset managers, private equity firms and financial services firms, and it is active in transactions involving shopping centres and mixed-use developments. Practice head Charles Malpass¬†specialises in advising on complex international deals.

Practice head(s):Charles Malpass

Key Clients

Abu Dhabi Financial Group

Adderstone Group

Apollo Management LLP

Link Asset Services (previously Capita Asset Services)

Chenavari Investment Managers

Blackstone

Haymarket Media Group

Bain Capital

SAL Pension Fund

Work highlights

  • Advising ACREFI Mortgage Lending LLC (an entity of Apollo Management Limited) on the financing of the redevelopment of 37 Golden Square in Soho, London, into a mixed commercial and residential space.

DWF's 'commercial' team is noted for advising institutional lenders, as well as an increasing number of new, non-bank lenders. The team assists with acquisition and development finance, refinancing and restructuring, and has expertise in healthcare, hotels and data centres. The firm saw a number of departures in early 2019, with Christian Francis and Iain Thomas moving to Fieldfisher and John Fox retiring, but was joined by Brendan Slack from Dentons, who brings expertise in the financing of technology and energy assets. The 'on-the-ball' Simon Elphick and head of banking Iain Shurwood lead the practice alongside Slack.

Practice head(s):Iain Shurwood; Brendan Slack; Simon Elphick

Testimonials

'The team demonstrates a helpful and commercial approach, with good communication.'

'Simon Elphick is particularly good at reviewing the options with us and has a strong in-depth knowledge of our requirements. Also, he is willing to provide informal assistance ahead of instructions which is valuable.'

'The team offers professional, timely, cost-effective property advice.'

'Simon Elphick is an outstanding property lawyer who provides thoughtful, effective, timely advice.'

'Access to partners at DWF is exceptional - they have great knowledge and risk awareness but at the same time are practical in their conclusions.'

'Simon Elphick is a top-rate real estate lawyer with an excellent grasp of commercial principles.'

Key Clients

The Royal Bank of Scotland plc

NatWest

Coutts

The Royal Bank of Scotland International Limited

Santander UK plc

Lloyds Banking Group/BoS

Barclays Bank plc

HSBC Bank plc

Secure Trust Bank

Fortwell Capital Limited

Clydesdale

Unity Trust Bank

Rothschild & Co

Farrer & Co has a strong reputation for advising major commercial lenders, international banks and UK private banks, while on the borrower side the firm's clients include ultra-high-net-worth individuals and private companies, charities and educational institutions. The team handles investment and development finance, particularly involving high-value residential properties. Martin Blake leads the practice; Marc Glancy, who specialises in secured lending transactions for investment and development properties, and Bethan Waters, whose clients include a number of major banks, are also key contacts.

Practice head(s):Martin Blake

Other key lawyers:Marc Glancy; Bethan Waters

Testimonials

'Farrer & Co. provides a partner-led service, which ensures that matters are dealt with by experienced individuals and are prioritised.'

'Bethan Waters brings together a wealth of experience and a sound understanding of our business - she is a pleasure to deal with.'

'Marc Glancy provides sound commercial advice and is always mindful of timing, working hard to ensure that transactions are completed in line with expectations and on schedule.'

'The team has strong banking and finance knowledge; the ability to respond in a timely manner; and is not afraid to take decisions and to provide advice we can rely on.'

'Farrer & Co's main strength resides in its ability to hire people of the same quality and professional skills so that whoever you deal with, you get the same level of professional response and quality.'

'The real estate team within Farrer & Co is of exceptional quality - it is my "go-to" firm for real estate work. The team's key strengths are the tenacity to get the job done within the agreed timescales and the ability to be commercially minded on each transaction.'

'Whilst I get a good service from other firms it does not compare to that of Farrer & Co.'

'The individuals in the team are always available to discuss points and are happy to provide a measured argument, allowing us to make an informed decision on what course of action to take.'

'It is a highly knowledgeable practice specialising in real estate finance. Farrer & Co is a well-resourced firm with high-calibre lawyers.'

'Martin Blake manages the transaction from start to finish, acting as the first point of contact and taking ownership from day one. He takes the time to explain all risks and their associated mitigants and nothing is too much trouble.'

'Farrer & Co has specialist knowledge of private businesses, particularly those with complex trust structures.'

'Bethan Waters is visible and influential in transactions, and has a good understanding of what clients require.'

'Marc Glancy is extremely knowledgeable, commercial, and has a deep understanding of our business. He is responsive even when out of the office and I value his advice greatly.'

'The team's friendly and sincere approach is its number one quality. It makes liaising with them extremely easy whilst maintaining a professional approach at all times. Their quality of work is also first class, so with the technical ability and favourable working culture, this team is certainly considered top of the list when we require legal counsel assistance.'

'The culture of Farrer & Co is clear to witness through every individual I've come across: friendly, diligent, hardworking and, above all else, a genuine desire to help wherever possible. It is rare to find all these qualities together.'

Key Clients

Deutsche Bank

Royal Bank of Canada

Coutts & Co

Credit Suisse

Royal Bank of Scotland plc

Arbuthnot Latham & Co. Ltd

Lloyds Bank plc

Emirates NBD Bank (P.J.S.C), London Branch

Triodos Bank NV

Rothschild Wealth Management (UK) Limited

Secure Trust Bank

Work highlights

  • Advising Deutsche Bank Luxembourg on a refinancing secured against a number of commercial properties in the UK.
  • Advising Coutts & Co on a term and revolving credit facility to a large London estate, together with the amendment and restatement of a term and revolving credit facility to a related group company. Each facility was secured against substantial portions of prime commercial and residential property in Chelsea and Kensington.
  • Advising DB UK Bank Limited on a term loan facility to a UK borrower to refinance its existing debt secured against a high-value property in London.
  • Advising Credit Suisse (UK) Limited on two separate property finance transactions for the same client group: a loan to a UK borrower secured against two commercial office properties in London, and a loan to a Luxembourg SPV secured against a portfolio of commercial, mixed-use and residential properties.
  • Advised Coutts & Co on two term loan facilities to a Luxembourg group to finance the acquisition of ten care homes and healthcare facilities across England and Scotland.

Under the leadership of Kim McMurray, Fladgate LLP acts for a mix of lenders and borrowers, including UK and overseas banks, specialist non-bank lenders, investors and developers. The team handles investment and development finance, structured mezzanine and senior debt financings, and restructurings, and has developed its practice across different types of alternative finance, including bridging loans. Gary Smith, who has experience in the hotel and student accommodation sectors, is also a key contact.

Practice head(s):Kim McMurray

Other key lawyers:Gary Smith; Jenny Sargeant; Amanda Hado-Bodfield; Seetal Modi

Testimonials

'The team has a practical approach to transactions, adopting a can-do mentality. It is a joined-up partnership, bringing in specialist partners when required for different parts of the transaction.'

'Kim McMurray is well known to a number of key lenders and capable of acting on the client or bank side of a deal.'

'The firm has a dedicated real estate team within banking and finance and is a niche player in the market.'

'Kim McMurray is delightful to work with. She is thorough and experienced with breadth of knowledge and expertise across all real estate deals. From commercial investment to residential development and land deals, I would trust her to run any deal regardless of complexity.'

'Fladgate has an extremely knowledgeable, responsive and customer-focused team, which is highly commercial and clearly articulates the risks and the commercial implications and solutions.'

Key Clients

Santander

Alpha Real Capital

Bank of Ireland

London & Regional

Venn Partners

Europe Arab Bank Plc

ICG Longbow

Greenoak Real Estate

CIMC

London Wall

Bank of Singapore

JP Morgan

EFG

Ortus

Octane

Harbour Group International

Work highlights

  • Advising Hodson Developments on the acquisition and financing of a development site at Chilmington Green, Ashford, providing residential, retail, community, social and recreational facilities.
  • Advising house builder Weston Homes plc on the amendment and increase of its existing banking arrangements.
  • Advising Flora Developments Limited on the acquisition of prime real estate in Central London, which may be redeveloped for hotel use.
  • Advising London & Regional on the finance aspects of the refinancing of the Hilton hotel, Park Lane.
  • Advising Venn Partners LLP on a series of matters, including the refinance of a retail and office investment property; the refinance of a student accommodation building; and the financing of the acquisition and development of three regional PRS sites.

Gibson, Dunn & Crutcher is known for the strength of its borrower-side practice, and has particular expertise in advising foreign investors (particularly from the US and Middle East) on high-value European transactions. Clients include real estate private equity funds, hotel groups, investment banks and sovereign wealth funds. Practice head Alan Samson has extensive experience advising on the acquisition of real estate loan portfolios and distressed assets.

Practice head(s):Alan Samson

Other key lawyers:Jeremy Kenley; Amy Kennedy

Key Clients

AECOM Capital

Apollo Global Management

Ares Management

Brookfield

Cale Street Partners

Centerbridge

Davidson Kempner Capital Management

Deutsche Bank AG

Investcorp Bank B.S.C.

Meadow Partners

M&G

Nuveen Real Estate

Work highlights

  • Advising WeWork on the acquisition and financing of Devonshire Square, a collection of buildings in the financial district in the City of London.
  • Advising Crescent Heights on the sale of Vintners Place, a large office building in the City of London, to a consortium comprised of Goldman Sachs and Greycoat Real Estate.
  • Advising Deutsche Bank AG in connection with the acquisition (jointly with Oaktree Capital Management) of Project Lee, an Irish loan portfolio being sold by the National Asset Management Agency (in its last large portfolio sale).
  • Advising Meadow Partners LLC on the sale of a newly developed hotel on Aldgate Place, London, to Irish-listed Dalata Hotel Group PLC.
  • Advised Deutsche Bank AG on the acquisition of Project Ines, a Spanish loan portfolio, from SAREB, the bad bank of the Spanish government, and the related joint venture and asset management arrangements.

Goodwin acts for both lenders and borrowers, including major banks, insurers and institutional investors. Areas of strength include acquisition finance, development finance, financings involving portfolios of real estate companies located across Europe, refinancings and CMBS loans. Practice head Paul Lyons is noted for his expertise in leveraged finance, and counsel Colin Baker has extensive experience advising financial institutions, asset managers and private equity firms on real estate and private equity financings.

Practice head(s):Paul Lyons

Other key lawyers:Colin Baker

Key Clients

Angelo Gordon & Co

Ares Management

M7 Real Estate

GreenOak Real Estate

Kennedy Wilson Europe

Meadow Partners

London Square Developments

Macquarie Capital

Deutsche Asset Management (also known as RREEF)

Patron Capital

Work highlights

  • Advising Partners Group on the development financing of 80 Fenchurch Street, which will contain office and retail space.
  • Advising M7 Real Estate on a multi-fund refinancing securitisation of European real estate assets.
  • Advising GreenOak on multiple development financing transactions across Europe.
  • Advising London Square Developments on a senior revolving development facility and senior fixed rate note facility.

Greenberg Traurig, LLP has particular expertise in advising on cross-border European matters. Clients include banks and non-bank lenders, funds, developers and investors. The key contacts are Emma Menzies and Gary Bellingham, who has experience in the logistics, hotels, student accommodation and PRS sectors. The team was also strengthened by the arrival of Partha Pal and Carol Hopper from Ropes & Gray LLP; Pal has expertise in cross-border transactions, while Hopper has been active advising non-bank lenders on developments in the PRS and co-working spaces.

Other key lawyers:Emma Menzies; Gary Bellingham; Steven Cowins; Partha Pal; Carol Hopper

Testimonials

'Greenberg Traurig is very responsive to client needs; has deep expertise in all areas of commercial property due diligence, security and documentation; and keeps the client's interests at the forefront of the mind at all times.'

'Partha Pal and Carol Hopper make an outstanding team.'

Key Clients

Teachers Insurance & Annuity Association of America

Nuveen Real Estate

Highgate Crofton Unit Trust

Heitman

M7

Kernel Court Limited

Paloma Capital

The Collective

Cosmos Ventures

Europa Capital

DRC Capital

Work highlights

  • Advised Highgate Crofton Unit Trust on the acquisition of Crofton Place Estate Company Limited and its wholly owned subsidiary Crofton Place Investments Limited.
  • Advising the company behind the development of Oxford Technology Park on a financing provided by the Bank of London and Middle East to build a hotel and restaurant.
  • Advising real estate investment manager Heitman in connection with the acquisition financing provided by PGIM Real Estate Finance to the client to acquire two residential towers in Amsterdam.
  • Advising M7 Real Estate Investment Partners in connection with a refinancing with Lloyds Bank plc to assist with the acquisition and development of a site in Solihull.
  • Advising Kernel Court Limited, a development vehicle owned by student accommodation specialists Scape, in connection with an acquisition facility provided by Gravis Capital Partners with the aim of developing the site into student accommodation.

Latham & Watkins specialises in complex, cross-border work, including commercial mortgage transactions, large loan portfolio acquisitions, and debt-on-debt and loan-on-loan transactions. The team's diverse client base includes investment banks, specialist real estate lenders, financing syndicates, real estate investment trusts, funds and investors. Jeremy Trinder, whose expertise covers commercial mortgage loans, CMBS and RMBS, leads the team. Quentin Gwyer regularly advises on debt-on-debt transactions, intercreditor arrangements, and the restructuring of real estate loans.

Practice head(s):Jeremy Trinder

Other key lawyers:Quentin Gwyer

Testimonials

'Latham & Watkins has a strong global practice with an excellent network to tap into for cross-border deals along with an impressive precedent bank to access. The team is very commercial. Given they have a relatively evenly balanced lender/borrower-side practice, they can provide a good steer on sticky issues without being dogmatic.'

'Jeremy Trinder is a great problem solver and has great commercial instincts. He provides a high level of partner contact while ensuring the bills are well managed, reasonable and there are no surprises when the final number comes in.'

'The team is very commercial, understands clients' needs and gets the job done. They protect our interests without antagonising the other side and have the most "can do" attitude I have come across.'

'Jeremy Trinder is commercial, unassuming and has a natural talent for distilling complex issues into a client-friendly format.'

'The team is very approachable and easy to work with. They are experts but with a pragmatic view of the world. Particular strengths include a fantastic loan-on-loan practice; strong relationships with real estate funds, both debt and equity; and mezzanine and development loan-on-loan and mezzanine finance.'

'Jeremy Trinder heads the group and is top class. He remains involved and brings his intellect and experience directly to bear when needed. He is very organised, efficient and reliable.'

'The team is very knowledgeable in all aspects of commercial properties, very thorough and detailed, and very efficient.'

'The team has outstanding knowledge, is organised, explains things very well, and is diligent and very good to work with.'

'Latham & Watkins has in-depth expertise of real estate debt and commercial understanding.'

Key Clients

Bank of Ireland

BAWAG PSK

BNP Paribas

Commerzbank AG

Goldman Sachs

Partners Group

Platinum

Onex Corporation

CBRE Loan Servicing Limited

Situs Asset Management

WCM Beteiligungs- und Grundbesitz- AG

Ashkenazy Acquisition Corporation

Work highlights

  • Advising a North American bank and a European bank on the acquisition of a loan secured against a portfolio of railway arches.
  • Advising a European bank in connection with a loan to acquire a portfolio of NPLs secured over real estate and real estate-owned (REO) properties.

  • Advising a European bank on a new tranche to an existing loan-on-loan facility agreement to an investment company, secured on a multi-property, mixed-use portfolio located in Ireland and the UK.
  • Advising a European bank on new tranches to an existing loan-on-loan facility agreement provided to an investment company, secured on a multi-property, mixed-use portfolio located in Ireland, the UK, Spain and France.
  • Advising a client as lender and security agent on a term loan facility agreement for the refinancing of a German industrial property.

McDermott Will & Emery UK LLP expanded its practice in April 2018 with the hiring of Laurence Rogers, Tom Calnan and Neville Wright from DLA Piper. The team acts for lenders and borrowers, particularly debt funds and overseas investors. Structured deals involving the acquisition and disposal of corporates owning real estate assets are a particular area of expertise, but the team also advises on investment and development finance, refinancing, and restructuring matters. Rogers has significant expertise in both UK and cross-border transactions.

Practice head(s):Tom Calnan; Laurence Rogers

Other key lawyers:Neville Wright

Testimonials

'McDermott Will & Emery has an excellent team who have been together for many years. The team has quick turn-around and makes proactive decisions with excellent deal advice and great communication.'

'Laurence Rogers has a huge following in the property community and has successfully closed deals throughout Europe, which brings confidence to clients. He has excellent knowledge of legal structures for both property and debt and an unusual understanding of the intricacies around complicated tax frameworks given the many jurisdictions in Europe.'

'It is a small team with deep finance experience. Clients get an expert finance team and, in particular, partner-heavy service.'

'Laurence Rogers is very good at getting deals done and identifying real issues for client consideration rather than minor matters which do not warrant consideration.'

'Neville Wright reaches quick conclusions and gives clear advice about the real risks involved.'

'Laurence Rogers is really enthusiastic and has the advantage of having trained as property lawyer so can foresee any potential problems so they can be addressed up front.'

Key Clients

H.I.G. Capital

Pollen Street Capital

Work highlights

  • Advising HIG Capital on the refinancing of a hotel in Italy.
  • Advising Pollen Street Capital on a development facility for a site in Manchester.

Ropes & Gray LLP is known for the strength of its investor client base, acting for several global market leaders. The team advises on complex, high-value property finance transactions, including investment and development finance and NPL acquisitions financed by private securitisations. The team, which is now led by David Seymour, has gone through a number of changes in recent months, with the retirement of former practice head Iain Morpeth and the departures of Partha Pal and Carol Hopper for Greenberg Traurig, LLP and counsel Rick Hanson for Orrick, Herrington & Sutcliffe (Europe) LLP.

Practice head(s):David Seymour

Testimonials

'A key strength of Ropes & Gray's real estate finance team is its ability to advise on the full range of real estate financing techniques, including a highly sophisticated real estate structured finance and securitisation capability, as well as a strong borrower-side real estate finance practice to complement the high-quality private equity real estate offering.'

Key Clients

Blackstone Mortgage Trust

Said Holdings

Cathexis Investment Management

UK Span Property

Work highlights

  • Advising Blackstone Mortgage Trust on a repo for the purposes of leveraging a loan position used to part-finance the acquisition of an NPL portfolio backed by real estate assets.
  • Acting for Blackstone Mortgage Trust on a series of repurchase transactions of loans secured on commercial real estate in London.

Sidley Austin LLP has particular strength in intercreditor arrangements, syndication techniques and structured finance. The team also regularly advises on CMBS transactions, loan-on-loan transactions and loans secured against foreign properties, and NPL acquisitions. The firm acts for a number of alternative lenders. Graham Penn leads the team, which also includes the 'excellent' Jason Richardson.

Practice head(s):Graham Penn

Other key lawyers:Jason Richardson

Matthew Tobin and Ed Fife lead the team at Slaughter and May, which is particularly active on the borrower side, and counts many leading property companies among its clients. The team's core strengths are in development finance and private equity acquisitions involving underlying real estate assets. The practice also advises on complex investment finance matters and cross-border deals, and assists in transactions involving hotels, care homes, offices and residential properties.

Practice head(s):Matthew Tobin; Ed Fife

Other key lawyers:John Nevin

Key Clients

The Carlyle Group

Barratt Developments

Dobbies Garden Centres

Derwent London

SEGRO

Midlothian Capital Partners

Halsbury Homes

Elysian Residences

Redrow Plc

Work highlights

  • Advising a joint venture of The Carlyle Group and Explorer Investments on debt financing for the acquisition of the Penha Longa Hotel and Golf Resort in Portugal.
  • Advising Barratt Developments PLC on the amendment and extension of a revolving credit facility with a consortium of banks.
  • Advising Midlothian Capital Partners on the acquisition of HB Education, the holding company of many educational and activity brands, as well as the related acquisition financing and management equity arrangements.
  • Advising The Unite Group plc on the issuance of guaranteed senior unsecured bonds.
  • Advising Redrow plc on the amendment and extension of its existing unsecured revolving credit facility.

Travers Smith LLP is noted for its growing lender-side client base, although it also acts for a number of borrowers; the team has particular expertise in acting for real estate funds. The practice advises on investment and development finance and regularly handles opco/propco matters, particularly in the care home sector. Practice head Danny Peel counts numerous funds and real estate-backed corporates among his clients, while Paul Kenny specialises in hotel, healthcare, infrastructure and renewable energy assets.

Practice head(s):Danny Peel; Matthew Ayre

Other key lawyers:Paul Kenny

Testimonials

'The Travers team is very professional, very commercial and does not waste time on minor points but will only raise significant issues.'

'Danny Peel is very professional in his approach, good fun to work with and takes a very pragmatic and commercial approach to most situations.'

'Travers real estate finance team is efficient, swift to respond and has good attention to detail. There is always a consistency with the team and partners that we work with.'

'Danny Peel has great attention to detail and always strives to get the best outcome possible for us. Danny is always very kind and easygoing whilst still being efficient and professional.'

Key Clients

Patron Capital

Clearbell Capital

Mansford Capital

Meyer Bergman

Office Space in Town

The Royal Bank of Scotland International Limited

Laxfield Capital

Safestore Holdings Plc

Ashby Capital

Fairview New Homes

Work highlights

  • Advising Shepherd Neame Limited on the refinancing of its existing corporate facilities with a new financing structure secured on its portfolio of public houses and hotels.
  • Advising a subsidiary of Impact Healthcare REIT plc on a new facilities agreement comprising a term facility and a revolving credit facility made available by Metro Bank plc.
  • Advising an investee company of Meyer Bergman on the refinancing of facilities made available for the acquisition of a mixed-use property on New Oxford Street in London.
  • Advising an investee company of M&L Hospitality on a term facility agreement, made available by Santander UK plc and Oversea-Chinese Banking Corporation Limited as lenders, for the financing of the acquisition of two new-build hotels set within a 19-storey development in Manchester.
  • Advising an investee company of Clearbell Capital on the financing of the development of a large mixed-use scheme at the Riverwalk in Durham via the provision of a four-year term loan facility.

Blake Morgan LLP counts clearing private and international banks among its clients (particularly financial institutions from the Far East and Middle East), in addition to property and equity funds and mezzanine funders. The team advises on investment and development finance and secured finance, and is particularly active in relation to commercial real estate projects. Practice head Tony Coyne advises on commercial and high-end residential property finance.

Practice head(s):Tony Coyne

Other key lawyers:Meera Jansen

Testimonials

'Blake Morgan provides a very efficient service, keeping the client fully updated at all stages of the case process.'

'Tony Coyne is always very professional, sharing his knowledge and experience in the real estate sector. He is always very approachable, easy to contact and nothing is too much trouble.'

'Blake Morgan offers good value for money - the team delivers quality advice for sensible fees.'

'Meera Jansen provides consistent, solid delivery of service.'

'I have been extremely impressed with the initiative taken by the team. They understand how the client wants to operate and can act independently and make pragmatic decisions on the client's behalf.'

'The individuals within in the team are efficient, friendly and knowledgeable.'

Key Clients

KCR Residential REIT PLC

Dorrington PLC

Work highlights

  • Advising KCR Residential REIT PLC on the acquisition of a new-build block of 27 flats.

Brown Rudnick LLP regularly advises on complex, cross-border property finance transactions; the team has particular expertise in handling the acquisition and sale of loan portfolios, especially in Europe. The firm’s client base includes large investment funds, financial institutions, real estate developers and a number of family offices. The team is jointly led by Tuvi Keinan and Louisa Watt.

Practice head(s):Tuvi Keinan; Louisa Watt

On the borrower side, Collyer Bristow LLP has extensive experience advising developers on mixed-use, residential and commercial projects; the team also acts for a range of lenders, including banks and a number of investors from the Far East and Middle East. The team handles acquisition, investment and development finance. Alex O’Connor specialises in the financing of complex mixed-use developments, while Rory Macpherson focuses on development finance in the residential sector.

Other key lawyers:Alex O'Connor; Rory Macpherson

Key Clients

Arab National Bank

Bangkok Bank PCL

Hampden & Co. plc

Handelsbanken plc

Weatherbys Private Bank

Aldersgate Investments (Reuben brothers)

Bewley Homes plc

Chase New Homes

Crest Nicholson plc

Ipsus Developments

Lochailort Investments

Willmott Dixon Holdings/Prime Place Developments

Work highlights

  • Advising Chase New Homes on the forward sale/funding of a development at Palace Wharf in Fulham, which involved the conversion of warehouse buildings into residential properties.
  • Advising Key Developments Godalming on the financing of the development of land for a Prime Place Developments joint venture.
  • Advising Ipsus Developments on a joint venture with a pension fund in connection with the acquisition, funding and development of a site for residential and mixed-use redevelopment, and the grant of a development agreement for a lease of part of the site to a social housing provider.
  • Providing ongoing advice to Aberfeldy New Village on the development of a new community in east London.
  • Advising Cheshunt School Development on financing the development of property in Hertfordshire for a Willmott Dixon special purpose vehicle.

Druces LLP is noted for its niche specialisms in sharia-compliant transactions and syndicated property investment, and also handles conventional investment and development finance. The firm's client base includes property funds, bridging companies, corporates and high-net-worth individuals, as well as a number of overseas banks. Christopher Axford leads the team, which also includes Suzanne Middleton Lindsley and Samantha Hook, who joined from Howard Kennedy LLP in May 2019.

Practice head(s):Christopher Axford

Other key lawyers:Suzanne Middleton Lindsley; Samantha Hook

Testimonials

'Druces stands out for its partner-led service, clear ownership and accountability on transactions, and speed of execution'.

'The team is hands-on, pragmatic and focused on execution'.

Key Clients

Bank of London and the Middle East plc

Metro Bank plc

Ratcliffes/Syndicates D&A

Alpha Bridging Solutions (now known as Kuflink)

British Arab Commercial Bank

Secure Trust Bank

Arbuthnot Latham

Marshall Bridging Fund

Bank Julius Baer, Guernsey

Denizbank, Turkey

ICICI Bank India

Bank of China (UK)

C.Hoare & Co

Work highlights

  • Advising Bank of London and The Middle East plc on a series of development financings.
  • Advising various property syndicate structures on investment financing.

Edwin Coe LLP has a strong lender-side client base, acting for numerous banks (including several overseas institutions). The team regularly advises on investment and development finance, particularly in relation to commercial property assets, including hotels, serviced apartments, offices, retail and healthcare facilities. On the borrower side, the firm has extensive experience advising high-net-worth individuals on the financing of high-end residential developments, landed estates and agricultural land. Stephen Brower leads the practice.

Practice head(s):Stephen Brower

Key Clients

Maybank Berhad

Riyad Bank

Handlesbanken

Cynergy Bank (was Bank of Cyprus)

Victoria Edwards leads the team at Forsters LLP, which acts for a range of lenders and borrowers, from institutional lenders, funds and developers to high-net-worth individuals and family offices. The team handles investment and development finance in relation to commercial and high-value residential developments, hotels, student accommodation, and retail and office parks.

Practice head(s):Victoria Edwards

Freeths LLP's growing client base includes investment and development companies, private equity and infrastructure funds, and clearing and challenger banks. The team has particular expertise in development finance, particularly in the healthcare (including care homes) and student accommodation sectors and for mixed-use and residential development schemes. Practice head Richard Williams leads the practice, which also handles mezzanine lending, distressed property finance, and sharia-compliant transactions.

Practice head(s):Richard Williams

Testimonials

'Freeths offers strong partner and associate support.'

'The team stands out for its commercial acumen; it is relationship driven, very responsive and solution focused.'

'Richard Williams deserves praise for his availability, speed and accuracy of engagement.'

'Freeths has excellent service, is very timely on delivery of work and is a very competent team.'

'The team understands how we work and what is important to us, and therefore negotiates positions that we are comfortable with.'

'The team is not only very knowledgeable and efficient but also incredibly responsive.'

'The access you have and the presence of Richard Williams on the transaction is second to none. He is always available and on top of all the aspects of the transaction.'

'The team has a pragmatic and commercial outlook to transactions. They have strong attention to detail and a proactive approach.'

Key Clients

Puma Investments

Ahli United Bank

Allied Irish Bank

CapitalRise

Santander UK plc

ICG-Longbow

Lloyds Banking Group

The Royal Bank of Scotland plc

Patron Capital

HSBC

Work highlights

  • Advising ICG-Longbow on its mezzanine financing of over 20 commercial real estate assets throughout the UK.
  • Advising the City North Finsbury Park joint venture on its development funding of the City North, Finsbury Park mixed-use development.
  • Advising Patron Capital on a number of real estate funding arrangements, including the acquisition financing of a group which owns a number of pubs in the UK.
  • Advising Homes England on a number of sharia-compliant development finance facilities, including the refinancing of a converted residential building.
  • Advising Svenska Handelsbanken AB on the refinancing of over 50 residential properties in England and Wales.

Hamlins LLP acts for high-street and overseas banks, and is also particularly active representing investment and development companies owned by high-net-worth individuals. The team advises on development and investment finance, with expertise in the student accommodation, hotels and high-end residential sectors; it also regularly advises on the financing of the acquisition and development of residential blocks of flats. Aselle Djumabaeva-Wood leads the team following the departure of Charles Bezzant for Brecher LLP.

Practice head(s):Aselle Djumabaeva-Wood

Testimonials

'Hamlins LLP is unlike other law firms I have worked with in the last 20 years of my career. The team pays attention to detail with the patience to explain complicated aspects of the law to ensure the right decisions are taken. Client relationships are at the heart of Hamlins' ability to offer the highest standard of client care. Difficult transactions are made that much easier by the common-sense and professional advice offered by the team'.

'Aselle Djumabaeva-Wood is more than just a lawyer; she offers sound advice, agility and dynamism across all aspects of corporate finance, real estate and banking. Her attitude is fresh and always positive. She is fiercely protective of her client's commercial position whilst applying reason and common sense'.

'The unique thing about Hamlins is that it is not such a big firm that the working structure is too complex. I can reach out directly to a partner of the firm who knows the background of the case well and can provide suitable advice quickly'.

'The things which impress the most about Aselle Djumabaeva-Wood are her experience in property transactions and how easy it is to contact her for consultation. She has a strong team supporting her'.

'The team at Hamlins support your business as if it is their own'.

'Aselle Djumabaeva-Wood oversees transactions with confidence and positivity, without creating issues with the other side'.

'Hamlins stands out for its professionalism, broad knowledge and personalised services. The team is very friendly, quick to respond and provides good quality advice'.

'Aselle Djumabaeva-Wood is focused, commercially oriented, available and down-to-earth. She will go out of her way to deliver before the set time whatever you throw at her. If there is anything she has not done before, she does her research and never fails to surprise you. She has an outstanding professional reputation and she is a great individual'.

'We know that we will receive an excellent level of service from Hamlins to ensure that our requirements are fully met within the timescales requested. In addition, the team is very helpful in providing ad hoc guidance'.

'Aselle Djumabaeva-Wood has an excellent understanding of our requirements and is very proactive to ensure deadlines are met. Aselle is very approachable and will always make time to discuss any urgent matters that arise'.

'The team are a pleasure to work with and work very well together. This enables quality work with swift results'.

'Aselle Djumabaeva-Wood is great for property finance. She is very responsive, has a fantastic manner, and works through problems'.

'Hamlins always delivers a prompt, efficient and value-enhancing service'.

'The team ensures that all the key points are clearly presented and discussed in an efficient and clear manner. Aselle Djumabaeva-Wood assists in the process extremely well'.

Key Clients

Bank Leumi (UK) plc

Shawbrook Bank plc

Palace Capital plc

Svenska Handelsbanken

Structadene Group

Bangkok Bank plc

Work highlights

  • Advising a property investment company owned by a high-net-worth family on a loan from a commercial lender relating to the client's acquisition of a large lot of residential properties.
  • Advising a property investment company owned by a high-net-worth family on the refinancing of a development loan in relation to three newly developed residential blocks in London.
  • Advising a private equity investment group on a loan to refinance a residential block of flats in Southend.
  • Advising a property investment company owned by a high-net-worth family on a bridging loan to purchase a commercial property in east London and a development loan to extend and refurbish the property.
  • Advising two property investment companies owned by a high-net-worth family on the refinancing of an extensive residential property portfolio in London.

Howard Kennedy LLP is known for the strength of its lender-side practice, although the team also acts for major developers and real estate investors on the borrower side. It is particularly strong in development finance, across both the residential and commercial sectors, but also handles senior and mezzanine lending and bridge finance. Practice head Daniel Fireman regularly advises new entrants to the secured lending market, while the 'brilliant' Steve Clinning is also a key contact.

Practice head(s):Daniel Fireman

Other key lawyers:Steve Clinning

Key Clients

NatWest

Octopus Property

Aldermore Bank

Rothschild & Co

United Trust Bank

Ballymore Group

Octane Capital

Metro Bank

Iron Bridge Finance

Santander

Mizrahi Tefahot Bank Limited

Work highlights

  • Advising Metro Bank on a loan to Z Hotels to finance the acquisition of a blue-ribbon site in Trafalgar Square for the development of a new hotel.
  • Advising Secure Trust Bank on the financing of a residential investment facility, secured against a block of prime central London apartments.
  • Advising Octopus Property on the financing for the acquisition of a site in Hammersmith to be converted into a commercial building.

The team at real estate specialist Maples Teesdale LLP was boosted in 2018 by the arrival of Rohan Campbell from Irwin Mitchell to jointly lead the practice with Chen Ikeogu. The team is noted for its expertise in investment and development finance across the full range of asset classes, and is particularly strong on the lender side, with clients including major banks, challenger banks, debt funds and bridge lenders.

Practice head(s):Chen Ikeogu; Rohan Campbell

Testimonials

'Maples Teesdale is a specialist real estate law firm which means that they are experts in that field.'

'Chen Ikeogu is knowledgeable, pragmatic and always provides clear and concise advice, even when dealing with complex matters. He is always responsive and reliable.'

'The team is very responsive and committed to delivering a high-quality service for clients.'

'Chen Ikeogu is a very proactive and hands-on partner.'

'Maples Teesdale is large enough to cover all the real estate issues and small enough to work together as a team.'

'Rohan Campbell is not afraid to negotiate and efficient in ensuring compliance.'

'The team's strength lies in its ability to pull in real estate expertise from many related areas, whether it be planning, construction, finance or pure property. Its financing expertise is broad, meaning that there are often proactive suggestions to ensure that we are always incorporating best practice.'

'Rohan Campbell is extremely user friendly, with deep experience of the financial technical aspects, very pragmatic, and effective at execution.'

'The team is proactive, engaged, clearly identifies the key risks and offers an excellent interpretation of the issues.'

'Rohan Campbell is proactive and efficient - he is always on hand and willing to go the extra mile.'

Key Clients

Martin's Properties

Maslow Capital LLP

Deutsche Hypothekenbank

Bank and Clients plc

ICICI Bank UK plc

Lloyds Bank plc

OakNorth Bank plc

Investec Bank plc

Patrizia Immobilien AG

Tristan Capital Partners

Alteris Capital Partners

Work highlights

  • Advising Martin's Properties in relation to a finance package arranged with Aviva Investors, secured against a portfolio of prime real estate assets in London and the South East.
  • Advising Maslow Capital LLP on a facility to finance the development of a 12-storey residential tower in Manchester.
  • Advising Maslow Capital on a facility to finance the development of a residential and commercial space as part of the redevelopment of Stanley Dock in Liverpool.
  • Advising Lloyds Bank on the amendment, restatement and increase of a facility secured on a portfolio of mixed-use assets.
  • Advising OakNorth Bank on a series of transactions, including residential, commercial, investment and development financings of security assets primarily located in London.

Matthew Lindsay leads the practice at Memery Crystal LLP, which is increasingly active in development and acquisition finance (including the acquisition of asset portfolios); the team also handles refinancing; leveraged, syndicated and high-yield finance; and alternative finance products. It has particular strength in advising private capital clients. Recently, the firm has expanded its practice to handle transactions involving student accommodation assets and a number of multi-jurisdictional matters.

Practice head(s):Matthew Lindsay

Testimonials

'The team shows good attention to the details; it is knowledgeable and available, with good structuring experience of complex transactions and commercial understanding of property-related matters'.

'The individuals in the team are always available and willing to got the extra mile to close deals'.

Key Clients

London Relay Ltd

A.S.K Partners

Z Hotels

OakNorth Bank

Zorin Finance

ASH8 Group (part of Arlington Asset Managers)

ZenProp

EFG Bank

Beckman Group

Work highlights

  • Advising a consortium (Harbor Group International, and Z.C. Ronogil) on the acquisition of a 22-storey office and retail building in Aldgate, London.
  • Advising ASK Partners on a secured loan to Montreaux Ilford Developments to finance the acquisition of Ilford Retail Park.
  • Advising Z Hotels on a secured loan from OakNorth Bank to refinance an existing property within the client’s portfolio in the West End.
  • Advising OakNorth Bank on providing multiple development finance and acquisition finance loans in relation to properties located in the UK.
  • Advising Zorin Finance on bridge and development loans secured against properties located across the UK.

Shepherd and Wedderburn has a strong lender-side client base and is also expanding its practice on the borrower side; clients include banks (including specialist and international banks), real estate investors and developers. The team handles investment and development finance, and refinancing, and is active in transactions involving a range of asset classes, including office and mixed-use developments. Jonathan Rickard leads the practice.

Practice head(s):Jonathan Rickard

Key Clients

Scarborough Group

Azure Hotels

Santander UK plc

ICG-Longbow

TJAC Group

Deutsche Hypothekenbank

Accrue Capital

Bayerische Landesbank

National Australia Bank Group

Lloyds Banking Group

OLIM

Angelsea Properties

Ellandi

Gatehouse Bank (as an investor rather than lender)

Soor Capital

The Evans Property Group

Work highlights

  • Advising Accrue Capital on the refinancing of its acquisition of eight Isle of Man-incorporated special-purpose vehicles, which were acquired using a whole loan facility from Pramerica Real Estate.
  • Advising Scarborough Property Group on two related facilities from Investec Bank plc in respect of investment and development loans relating to a portfolio of properties.
  • Advising Soor Capital on taking debt facilities from Aareal Bank to purchase a serviced office building in London.
  • Advising a joint venture vehicle held in part by the Evans Property Group on the development finance facility from Homes England in relation to the Skelton Gate development in Leeds.

Following the departure of Adam Chamberlain for Boodle Hatfield LLP in October 2018, the practice at Shoosmiths LLP is led by London and Birmingham-based Nicholas Iliff, who joined from Gowling WLG. The team's clients include major clearing banks and non-traditional lenders, investors and developers. Newly promoted partner Liam Phillips has particular expertise in transactions involving data centre assets; the team also handles matters in the hotel, student accommodation and retail sectors.

Practice head(s):Nicholas Iliff

Other key lawyers:Liam Phillips

Testimonials

'The team is very helpful, straightforward and responsive. They are knowledgeable and able to highlight and clearly explain the issues and suggest solutions with limited legal jargon. The team are easy to get a hold of and make themselves available at short notice'.

Key Clients

Octopus Investments

DCP London (and Group)

Work highlights

  • Advising DCP London on a development facility provided by OakNorth Bank to refinance the cost of acquisition of a property in London.
  • Advising Octopus Investments on its numerous debt financings to healthcare and venture capital businesses, and subsequent disposals/redemption of security.

Teacher Stern LLP is known for its niche specialism in the short-term finance space, predominantly acting for bridging lenders; the team also acts for private banks, other non-bank lenders, funds, offshore investors and borrowers, including high-net-worth individuals. The practice handles acquisition and development finance and refinancing in relation to mixed-use, residential and hotel properties. Phil Berry leads the team, which also includes Claire Gibson.

Practice head(s):Phil Berry

Other key lawyers:Claire Gibson

Testimonials

'The team is highly efficient and thorough'.

'Teacher Stern's property finance team is a leader in its field, and is able to deal with complicated real estate funding for both lenders and borrowers. It excels at short-term lending'.

'Phil Berry brings decades of not only legal, but practical experience in property finance. His ability to give us clear and concise advice is the reason that we value him so highly'.

'The team is efficient and has a practical, no-nonsense approach.'

'Phil Berry is experienced and pragmatic - he is a seasoned lawyer who is also a deal maker'.

Key Clients

Brydg Capital

OakNorth Bank plc

Avamore Capital

Burger & Lobster (part of the Goodman Group of restaurants)

Limecourt Ventures

Century Capital

Property Finance Nominees

Englander Group

Kenfin Holdings

Westcity Property Group

Work highlights

  • Advising OakNorth Bank plc on a loan to refinance a mixed-use property in London.
  • Advising a UK special-purpose vehicle on a mezzanine loan note instrument provided by investors and a senior facility agreement provided by Heritable Development Finance for the acquisition of a property for development in Greater London.
  • Advising a property investment and operator company on a facility to be secured over a central London hotel.
  • Advising Brydg Capital on a facility to acquire a property in west London, refinance existing debt and finance the development of the property.
  • Advising Brydg Capital on a facility to refinance a loan secured against a property located in Scotland.

Trowers & Hamlins LLP is known for its niche expertise in social housing finance; the team also advises on development, acquisition and investment finance. Clients include public sector bodies and an increasing number of bank clients. Following the departure of Simon Owen for Irwin Mitchell, the key contacts in the team are Eddie O’Hanrahan, who focuses on commercial and residential development finance, particularly on the borrower side, and Islamic finance specialist Katharine Lewis.

Practice head(s):Adrian Carter

Other key lawyers:Eddie O'Hanrahan; Katharine Lewis

Testimonials

'They have very good teamwork, strong technical knowledge, and are very approachable, calm, and always willing to help'.

Key Clients

Global Net Lease

Galliford Try Plc

Shawbrook Bank

Apache Capital Partners

Tameside Metropolitan Borough Council

Bouygues UK

BBS Capital

Homes England

London Strategic Land

Work highlights

  • Advising Global Net Lease on its refinancing to put in place new debt for its entire UK real estate portfolio.
  • Advising Global Net Lease on the restructuring of three of its real estate asset-backed facilities with Lloyds Bank.
  • Advising Galliford Try on a facility with HSBC in relation to the development of a residential-led project in east London.
  • Advising ULiving on its joint investment development of a high-end student accommodation property in Birmingham city centre.
  • Advising Apache on the financing of a build-to-rent development in Liverpool.

Wedlake Bell LLP advises on acquisition, investment and development finance, debt restructuring and secondary debt trades, and is experienced in handling multi-jurisdictional transactions. The team's growing client base includes financial institutions, corporate borrowers, investment firms and debt funds. Practice head Hilary Platt specialises in acquisition finance, while Chris Vause has expertise in the structuring, funding and restructuring of real estate development transactions.

Practice head(s):Hilary Platt

Other key lawyers:Chris Vause

Testimonials

'The team at Wedlake Bell is very friendly, with an understanding of the complexities of listed prime residential developments in London'.

'The team is very experienced and always looking to protect our position. They are calm under pressure, proactive and pragmatic'.

'At Wedlake Bell, a very capable group of individuals are brought together to provide the best possible service to clients'.

'Hilary Platt is very knowledgeable and able to explain complex issues in layman's terms. She has the client's best interests at heart but knows when further challenge would not be productive'.

Key Clients

Alpha Bank

Bank of Ireland

Care UK

Coutts & Co

Day Lewis plc

Dephna Capital Limited

Elysian Residences

Fairacre Asset Management

HSBC Bank UK plc

Redan Trading

Work highlights

  • Advising a developer on the financing for the development of a central London office property into a residential dwelling.
  • Advising a borrower client on the refinancing of an existing facility.
  • Advising HSBC Bank on the amendment and restatement of an existing facility to a borrower in the pub sector.
  • Advising Alpha Bank on providing the funding for the redevelopment of a property in Milton Keynes.

Adam Chamberlain, who joined from Shoosmiths LLP in October 2018, leads the practice at Boodle Hatfield LLP following the departure of former practice head James Dakin to found Newmanor Law. The team's client base includes investors, high-net-worth developers and specialist lenders, and it is active in transactions involving office, residential and private rented sector properties.

Practice head(s):Adam Chamberlain

Glovers Solicitors LLP's predominantly lender-side practice acts for a number of merchant and specialist banks and property finance businesses. The team specialises in residential development finance and residential and commercial investment loans, and regularly advises on matters involving substantial real estate portfolios. Darran Smith, who is active in complex and multi-jurisdictional transactions, leads the team.

Practice head(s):Darran Smith

Other key lawyers:Liza Lam-Kee; Philip Mundy

Key Clients

ABN Amro Channel Islands

Close Brothers

Hampshire Trust Bank plc

Heritable Development Finance

Investec Bank plc

Royal Bank of Canada Trustees

Strata Residential Finance plc

United Trust Bank

Lendinvest

Shawbrook Bank

Work highlights

  • Advising Close Brothers Property Finance on a senior loan facility provided to Kitchcap (Abbey) to refinance a portfolio of commercial properties and finance the acquisition of several new properties.
  • Advising Heritable Development Finance on a development loan for the construction of 15 houses.
  • Advising Hampshire Trust Bank plc on a development finance loan to fund the development of a former hospital building into residential properties.  
  • Advising Shawbrook Bank on a development loan.
  • Advising Hampshire Trust Bank plc on a loan secured over a portfolio of commercial properties.

Property specialist Harold Benjamin acts for borrowers and lenders, particularly banks, building societies and high-net-worth individuals, and is noted for its secured lending expertise. Areas of strength include the residential, commercial, hotels and leisure, and healthcare sectors. The team is led by Ray Oshry and managing partner Vijay Parikh.

Practice head(s):Ray Oshry; Vijay Parikh

Key Clients

Jaysam Contractors

JMK Group of Companies

KMP Group of Companies

Jenga plc

Reliance Finance Corporation

One Savings Bank (t/a Kent Reliance)

Work highlights

  • Advising Jaysam Contractors on financing the development of 93 new-build apartments in Watford.
  • Advising Jaysam Contractors on financing the development of 40 apartments in Ruislip.
  • Advising JMK Group of Companies on the refinancing of its portfolio of properties in Putney.
  • Advising JMK Group of Companies on the refinancing of a hotel in Dublin to raise funds for the development of a new hotel near the city's airport.
  • Advising KMP Group of Companies on the refinancing of its property portfolio.

Terry Green and the 'excellent' Peter Sugden are the key names at Katten, which handles acquisition, development and investment finance across a range of asset classes, as well as loan acquisitions and disposals and secured lending. The team is active on the lender and borrower side, advising banks, funds, private investors and property companies.

Other key lawyers:Terry Green; Peter Sugden

Ronald Fletcher Baker LLP is noted for its expertise in advising offshore corporate structures, as well as financial institutions and high-net-worth individuals. Areas of strength include portfolio refinancings, bridging finance and Islamic finance. The practice is jointly led by Sarah Hung, who specialises in investment and development finance, and John O’Callaghan, whose expertise covers the retail, hotel and leisure sectors.

Practice head(s):John O'Callaghan; Sarah Hung

Other key lawyers:Simon Lawrence

Testimonials

'Ronald Fletcher Baker provides very fast responses - the team is always available and makes sure the transaction proceeds to its conclusion in a very timely manner'.

'It is a large and experienced practice, able to deal with complex portfolio refinances. They are geared up to deal with tricky transactions and are always responsive'.

'Sarah Hung is extremely practical'.

'John O'Callaghan makes sure that deals go through'.

'Ronald Fletcher Baker has extensive experience in real estate-related transactions. It is a dedicated team with focus on timely delivery'.

'Simon Lawrence is dependable and delivers on time'.

'The firm has great strength in depth and an expertise in finance. They are the best in the field'.

'Simon Lawrence's 20 years' experience means he makes complicated transactions go quickly. He knows how to act for offshore clients'.

'John O'Callaghan knows how to mobilise large teams of solicitors for highly complex matters'.

'The team stands out for its service levels, communication and getting the job done'.

'The firm has someone for everything. The service is always exceptional'.

Key Clients

Al Sraiya Group (Qatar)

Artover

Planwell

Glasshouse Property Management

Cranfield Investments

Keystone Holdings (Isle of Man)

Ganco

Planwell

Work highlights

  • Advising a large Qatari property developer on a refinancing matter.
  • Advising on the refinance of a complex property portfolio including flats, townhouses and an underground car park.
  • Advising on the purchase and refinance of four flats.
  • Advising on the purchase and finance of nine apartments.
  • Advising on the refinance of a freehold property with multiple commercial tenants in a prime central London location.

Rosling King LLP acts for a range of lenders, including high-street and private banks and debt funds, while on the borrower side it predominantly acts for developers. The team specialises in development finance, and regularly handles matters involving commercial and residential real estate portfolios; it also advises on acquisition finance, loan portfolio and debt trading transactions, and restructuring. James Walton and Simon Geoghegan jointly lead the practice.

Practice head(s):James Walton; Simon Geoghegan

Testimonials

'Rosling King is an extremely efficient and friendly firm. The team goes above and beyond and always endeavours to find a solution rather than present the client with a problem'.

'The partners at the firm are approachable and friendly. In addition, they are always contactable and up to speed with every case. They have the ability to talk legal in a way the client understands. They act with integrity and professionalism at all times whilst making you feel at ease'.

'The Rosling King team is technically extremely knowledgeable with an equally impressive work ethic. Its expertise in the field of property law is unparalleled, which makes it the "go-to" firm for any complex transaction'.

'Simon Geoghegan leads the client technically and diligently'.

'The team is always very polite and very willing to discuss any issues'.

'The individuals are always available, which in a law firm is hugely beneficial.  Beyond that they are always willing to help and provide various options'.

'The Rosling King team is friendly, efficient and extremely professional'.

'Out of all the law firms I have used, I can say that Rosling King stands out as being by far the best in terms of service, accessibility and professionalism'.

'The team is knowledgeable, pragmatic and adds value'.

'Rosling King provide a seamless, first-rate service to clients and consistently demonstrates a high level of expertise on all matters relating to residential, commercial and development finance transactions'.

'Rosling King's partners proactively engage with their clients, and have an excellent communication line throughout the team'.

'Rosling King provides an excellent personalised service, which is tailored to our needs. The team is commercial, pragmatic and makes the effort to get under the skin of our structure to understand [how] to best achieve the outcome we are working towards'.

'Working with Simon Geoghegan is very reassuring. His knowledge of the London real estate market is excellent'.

'The firm takes a very holistic approach to property due diligence in that it is able to provide simple explanations of complex transactions'.

'The practice demonstrates an exceptional understanding of property law. Issues are identified at an early stage of the process and the team's pragmatic and commercial approach assists with meeting deadlines in a timely manner'.

'The quality of the service is very high, with excellent attention to detail, and matters are addressed very promptly'.

'The team is technically astute and really understands the client's needs and business. They are extremely personable people to do business with and very responsive'.

'James Walton is keen to help, very practical and experienced'.

'The team is always available and visible, and very efficient and prompt with replies and communication updates'.

'I have dealt with James Walton and Simon Geoghegan for over 20 years. That should speak volumes of the quality of their work and the highest regard I have for them and the firm'.

'We enjoy working with Rosling King because we feel that we receive an excellent service on a par with many leading City law firms, but with a much more personable approach and greater level of consistency. We have found Rosling King to have excellent attention to detail and to provide clear, practicable advice'.

'Rosling King has a passionate team of real estate professionals, with a wealth of knowledge and experience across sectors of finance and commercial property'.

'The individuals are approachable, commercial and fully understanding of their client's requirements. A personal approach allows easy interaction and quick turnaround'.

'Simon Geoghegan stands out for his commitment and dedication'.

'Within the mid-market practices, Rosling King is definitely the most prominent for offering first-class service from knowledgeable solicitors'.

Key Clients

Cynergy Bank (formerly Bank of Cyprus)

Ingenious Group

Iesis Group/Rengen Developments

J. Coffey Construction

Mizen Group of Companies

Sunley Homes

Arbuthnot Latham

Handelsbanken

Alpha Bank

Mount Street

Commercial Acceptances (division of Close Brothers)

EFG Private Bank

Clearwell Capital

Earlsfort Capital Partners

Tyburn Lane Private Equity

Coronado Developments

United Trust Bank

Work highlights

  • Advising EFG Private Bank on a loan on its funding of the share purchase of a propco, which owns a new-build mixed-use site in London.
  • Advising Bank of Cyprus UK (now Cynergy Bank) on the refinancing of an existing facility with security being taken over two public houses.
  • Advising Bulphan Developments on the refinance of existing debt and to fund the development of residential houses.
  • Advising Mizen (Wimbledon Park) on its purchase of and loan over a development site in south London.
  • Advising EFG Private Bank on a loan facility to assist with an equity release and the development of a property in north-west London.

Thomson Snell & Passmore's practice focuses on acting for lenders, including UK clearing banks and investment banks, but also represents high-net-worth individuals and corporate borrowers. The team advises on acquisition and development finance; senior, mezzanine and short-term finance; loan restructuring; and portfolio refinancing. Richard Ellard leads the team.

Practice head(s):Richard Ellard

Other key lawyers:Matthew Grogan

Testimonials

'Thomson Snell & Passmore takes a direct, no-nonsense and business-like approach to all matters, supported by professional expertise. The service is timely and well delivered'.

'Richard Ellard and his team are attentive and engaged in the whole process - they act is if these were their own transactions'.

'All of the team members are friendly, helpful, knowledgeable and professional. They understand our requirements and explain things in a language we can understand. Matthew Grogan displays all these qualities - it is a pleasure working with him'.

Key Clients

Close Brothers

Titlestone Property Lending

Paragon Development Finance

Aldermore Bank

The Charity Bank

Svenska Handelsbanken

Keystone Property Finance

LendInvest Security Trustees

Commercial Acceptances

Acorn Developments (SW)

Work highlights

  • Advising Close Brothers on a number of loan facilities, including a loan to assist the joint venture of two developers with financing the development of a large residential site.
  • Advising Paragon Development (previously Titlestone Property Lending) on a series of transactions, including the assignment of two existing development loans to a new lender.
  • Advising Paragon Development (previously Titlestone Property Lending) on matters including a loan facility for the development of a block of apartments.
  • Advising Aldermore Bank on a number of matters, including development loan facilities.
  • Advising The Charity Bank on matters including a loan facility to a special-needs school to assist with the acquisition and development of a new educational facility.

Under the leadership of Ranjeev Kumar, Watson Farley & Williams LLP is noted for its strength in advising international investors (particularly from South-East Asia and the Middle East) on complex transactions, particularly in the hotel and student accommodation sectors. Development finance is a key area of expertise, but the team also advises on loan originations, opco/propco structures, mezzanine structures, and cross-border financing.

Practice head(s):Ranjeev Kumar

Key Clients

Downing Capital

Wellesley Finance plc

Greenacre Capital

Welkin & Meraki

JS Bank

In5 Capital

Care Worldwide

Fed Mac

OakNorth Bank

Shapadu Corporation

CFM Indosuez Wealth

Work highlights

  • Advising Greenacre Capital on the investment and development financing of the acquisition of four student accommodation sites.
  • Advising Care Worldwide on the investment financing of 11 care homes.
  • Advising Bondcare on the investment financing of six care homes.
  • Advising Downing on the development financing for a residential development in Kent.
  • Advising Edequin on a development facility for a residential development in North London.

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Legal Developments in the UK

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