Paul Salsbury > Addleshaw Goddard > London, England > Lawyer Profile

Addleshaw Goddard
MILTON GATE
60 CHISWELL STREET
LONDON
EC1Y 4AG
England

Work Department

Finance and projects division

Position

Head of London banking and a partner in the finance and projects division working in the banking sector in London since 1982, having completed his training with the 3i Group. Extensive experience of banking and finance, and is a specialist in UK and pan-European real estate finance and associated restructurings and recoveries. Clients include many of the leading providers of senior and mezzanine debt finance to the real estate sector, including Abbey National Treasury Services plc, Anglo Irish Bank Corporation Plc, Britannia Building Sector, Fortis Bank SA/NV, Landesbank Hessen-Thüringen Girozentrale (Helaba), London Branch, HSBC Group and Nationwide Building Society. Recognised by independent commentators and legal directories as one of the UK’s leading lawyers in real estate finance. Significant transactions include: Anglo Irish Bank Corporation Plc, £465m acquisition and development facility to Somerston Hotels Group in respect of its portfolio of 36 investment properties and hotels; Helaba and others, £132m senior syndicated debt facility for Landesbank Hessen-Thüringen Girozentrale (Helaba), London Branch, Nationwide Building Society and Deutsche Postbank AD, London Branch to Mourant Property Trustees Ltd as trustee of the Aldersgate Eden and Brookfield Eden Unit Trusts secured on the Octagon and Eden Shopping Centres, High Wycombe comprising approximately 120 retail and other units; HSBC Group, £151m bond and guarantee facility to the Gallagher Group in respect of infrastructure works at a site exceeding 1,000 acres at Elstow, Bedfordshire and relating to the ultimate development of a new town and the construction of over 7,000 new homes; Nationwide Building Society, £160m investment facility to ING Property LP, £155m facility to the Golfrate Group in respect of the mortgaging to East India Docks London, £95m facility to the Devonshire Group secured on a mixed portfolio of investment properties.

Career

Trained 3i Group; qualified 1982.

Education

London School of Economics (1979 LLB).

Leisure

Keen tennis player.

Lawyer Rankings

London > Real estate > Property finance

Since the start of 2022, Zoe Maurer has been leading the real estate finance team at Addleshaw Goddard, and she handles mandates for both lenders and borrowers regarding investment and development finance across a range of asset classes, including hotels and leisure, offices, retail, and industrial and residential housing. Previous team leader Steve Mackie is still an active member of the group, with extensive experience in real estate-backed finance, social housing finance work, and student accommodation mandates. Sarah Egbu specialises in hotel finance, whilst Paul Salsbury is a member of the firm’s cross-border real estate group, and thus has expertise handling both UK-based and pan-European real estate finance. Zak Ikponmwosa is skilled at handling work involving multiple debt issues and cross-border matters, and Ian Kyno was promoted to partner in May 2022.