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MARLBOROUGH HOUSE, 30 VICTORIA STREET, BELFAST, BT1 3GG, NORTHERN IRELAND
Tel:
Work 028 9055 3300
Fax:
Fax 028 9055 0096
DX:
433 NR BELFAST 1
Web:
www.tughans.com

David McAleese

Tel:
Work 028 9055 3300
Email:
Tughans

Work Department

Property finance, banking and finance department.

Position

Head of property finance as a team within the banking and finance department, acting both for borrower and lender in property-related loan facilities, syndications, restructuring and refinance as well as traditional banking transactions. Headline transactions include the restructuring of syndicated property-based loan facilities with aggregate value of c£400m (client undisclosed) and advising on Northern Irish elements of pre-IPO finance for a major international company with value of approximately €800m.

Career

Qualified in Eversheds commercial property team in 2003 and remained with Eversheds until 2007 predominantly advising corporate occupiers and investors, institutional lenders and funds in relation to property finance and restructuring matters. Returned to Northern Ireland in 2007 joining Carson McDowell as an assistant solicitor, being promoted to associate in 2009 and to partner and head of restructuring and insolvency team in 2012. Remained in that position until move to Tughans as partner and head of property finance team in January 2015.

Member

Associate member, R3 and Insol; Associate member, LMA; Member, Law Society of Northern Ireland; Member, Law Society of England and Wales.

Education

Dalriada Grammar School, Ballymoney; Queens University, Belfast (2000 LLB Hons (2:1)); College of Law, Chester (2001 PgDL (Commendation)).


Northern Ireland: Finance

Banking and finance

Within: Banking and finance

Tughans’ finance team provides a ‘very good level of service’ to banks, corporates and investment firms on restructurings, property development, acquisitions and project finance, among other areas. Highlights included acting as Northern Ireland counsel to Delamare Cards MTN Issuer regarding the £1.4bn issuance of notes backed by Visa and MasterCard credit card receivables originated by Tesco Personal Finance PLC; advising Investec Bank on a £27m financing to a South African investment company to purchase a Tesco Superstore in Newry; and acting as Northern Ireland counsel to NewDay inits £295m issuance of consumer credit-backed securities. Other clients include Bank of America Merrill Lynch, which the firm represented in its purchase of the Jurys Inn Group, and the Bank of Ireland, which the firm advised on providing increased loan facilities to a leading telecoms provider for the purpose of restructuring the group. Fearghal O'Loan jointly leads the practice with David McAleese, who is well known for his expertise in property and restructuring mandates.

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