Collas Crill acts in £62million loan agreement

Collas Crill has acted for Deutsche Pfandbriefbank AG (PBB) in respect of a £62 million term loan facility to BHI 10HG Limited in connection with the refinancing of the acquisition of 10 Hammersmith Grove. 

10 Hammersmith Grove is a substantial commercial office building in London and one of the most prominent in the West End, home to, amongst others, Fox, UKTV, Philip Morris and Accor. 

Berwin Leighton Paisner acted as lead counsel in the UK. 

The Collas Crill team comprised of banking and finance partner Sean Cheong, senior associate Alex Wickens and associate Ben Le Page.

Sean said: "This transaction reflects consistent levels of activity in real estate transactions in the UK.

"We have seen increased focus on investments in office blocks and logistics sites, both within and outside London. This firm has, over the years developed an expertise in real estate finance transactions, acting for banks, alternative lenders and borrowers, both institutional and high net worth clients."

BACK TO ALL NEWS

RELATED ARTICLES

Deals & Cases +
£41m commercial property deal
05/11/19 Cross-departmental team advise on £41m commercial property deal
News +
Chambers and Partners UK 2020
15/10/19 Chambers and Partners UK 2020 Rankings
Deals & Cases +
£20m finance facility
04/10/19 Collas Crill advises £20m finance facility for RAW Mortgage Fund
News +
Guidance for Guernsey
02/10/19 Guidance for Guernsey on economic substance and mandatory disclosure