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Collas Crill advises on £31 million UK property refinancing

Collas Crill have assisted The Royal Bank of Scotland International Limited (RBS International) with the further amendment and restatement of a £31 million facility to Bazaar Investments Limited, Provincial Investments Limited, Harrow Regeneration Limited, Dandi Four Limited, Gallican Investments Limited and Dandi Wandsworth Regeneration Limited to refinance a portfolio of residential properties in London including an element of development finance to enable the borrowers to enhance their portfolio. 

Collas Crill acted for both the lender and the borrower. The team acting for RBS International was headed by group partner Paul Wilkes, assisted by senior associate Tristan Ozanne and associate Ben Le Page.  On the borrower side, the team was led by group partner Wayne Atkinson, with assistance from senior associate Gareth Morgan and associate Annabel Bishop.

The transaction involved providing Guernsey focused advice on the finance and security documentation and assisting with Guernsey corporate law matters.

Tristan commented:  "Our real estate finance team here at Collas Crill were able to come together to seamlessly assist both lender and borrower sides on this portfolio refinancing.  We were very pleased to be able to provide this level of legal support and this is the second refinancing we have assisted RBS International and this borrower group on."

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