Qatari Diar

Advised Qatari Diar on a £400 million green loan for the development of their award-winning Chelsea Barracks residential development. The financing was provided by a consortium of five lenders and aligns with the Loan Market Association’s Green Loan Principles. Chelsea Barracks achieved this qualification having met the strict criteria through the masterplan’s 2021 Leadership in Energy and Environmental Design (LEED) Platinum certification.

BlackRock

Acted for the BlackRock on a £50 million green loan advanced by Lloyds Bank Plc for the redevelopment of the former House of Fraser store in Leeds into student accommodation. Lloyds Bank Plc are acting as Green Co-ordinator to monitor the financing, which includes a margin ratchet based on the environmental performance of the redevelopment. The financing is expected to be aligned to Leeds’ and the Government’s net zero targets.

Landsec

Represented Landsec on the office-led mixed-use redevelopment of Red Lion Court on the South Bank. Landsec has designed Red Lion Court to be net zero in both construction and operation. By reusing part of the existing building and prioritizing low carbon and recycled materials, Landsec will meet or exceed The Greater London Authority and Southwark policy in terms of sustainability, biodiversity and energy efficiency and are targeting WELL Core Platinum and BREEAM “Outstanding” accreditations.

Alternative Lender

Advising an alternative lender on its c.£150 million development financing made available to an Urbanest subsidiary to develop purpose-built student accommodation in Battersea, London.

Sustainable Property Developer Edge

Advised Edge Technologies (Edge) on all of their sustainability-focused developments in the UK. Edge is a property developer that specializes in delivering best-in-class environmentally sustainable and innovative office buildings.

Most recently we acted for the joint venture between Edge and Mitsubishi Estate London on the corporate acquisition of 125 Shaftesbury Avenue, which will be redeveloped into a leading sustainable office space in the West End of London. The acquisition and joint venture marks the latest milestone in Edge’s growth, the third in a string of recent high-profile London site acquisitions on which we advised. These include the acquisition of the London Stock Exchange site for the development of EDGE Shoreditch with joint venture partner Mitsui Fudosan, and the acquisition and development of the sustainable office tower EDGE London Bridge with joint venture partner Goldman Sachs.