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30 FINSBURY CIRCUS, LONDON, EC2M 7DT, ENGLAND
Tel:
Work 020 7628 7576
Fax:
Fax 0870 608 9390
DX:
33856 FINSBURY SQUARE
Email:
Web:
www.devonshires.com
Leeds, London

Richard Sharpe

Tel:
Work 020 7065 1822
Email:
Web:
www.devonshires.com/dt_team/richard-sharpe/
Devonshires Solicitors LLP

Work Department

Securitisation

Position

Richard is a partner who joined the securities team in October 2011. Since qualifying in 2003 he has worked exclusively in the social housing sector, advising clients on a wide range of property related matters with a particular emphasis on securitisation. He acts for a large number of registered providers in charging property under loan facilities of amounts varying from £1m to £450m. In addition Richard deals with the security aspects of bond issues and drafting the property documentation required for intragroup stock transfers of dwellings to be used as security. He also acts on behalf of both mainstream and sector specific lenders.

Education

University of Manchester (BA Hons); College of Law (1998).


London: Real estate

Social housing: finance

Within: Social housing: finance

At Devonshires Solicitors LLP, ‚Äėthe strength of the team lies in its deep knowledge of the highly regulated environment surrounding social housing‚Äô. For some clients, that expertise makes that the team ‚Äėthe go-to firm for registered providers‚Äô involved in any variety of fund raising exercises, from debt capital markets issuances and private placements, to borrowing activities from funds and local authorities. Capital markets highlights have included Julian Barker¬†advising Martlet Homes on a ¬£400m A+ rated bond issuance, and acting for Aldwyck Housing Group in relation to a ¬£40m private placement. In the bank lending space, a team including Andrew Cowan¬†advised Your Housing Group on seven new and restated facility agreements totalling ¬£457m. Similarly, Barker and Sharon Kirkham¬†assisted Hyde Housing Association with a ¬£760m refinancing transaction, which involved restructuring debt and various swaps with five separate banks. Further, Gary Grigor¬†advised The Riverside Group on two new facilities and one restated facility with HSBC Bank, Svenska Handelsbanken and Barclays Bank totalling ¬£200m. The firm also has an active property charging practice led by Richard Sharpe¬†and Saghar Roya, which acted for L&Q to help secure two separate ¬£500m bond issuances. Chris Drabble¬†specialises in security-related transactions and heads the firm‚Äôs Leeds office.

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