Maples Teesdale have advised BPL Global, the leading international independent insurance broker for credit and political risk, on a pre-let of the 12th floor of The Scalpel, also known as 52 Lime Street. The 36-storey skyscraper is the newest edition to London’s skyline, due to be completed in December 2017, and this is the first non-affiliated tenant to sign up.
Maples Teesdale Real Estate Finance team have completed a £20m Revolving Facility for City, University of London with HSBC Bank plc.
Maples Teesdale have advised London & UK Properties on the purchase and acquisition financing of The Globeworks, Birmingham with financing from Hyde Park Finance and Prosperity Capital Partners.
Maples Teesdale recently advised investment and development company Martin’s Properties in relation to the completion of a £33m long term senior debt financing package with Canada Life Investments.
Maples Teesdale advised GLG on its plans to almost double its presence in London and move its UK headquarters to One Fitzroy Place in Fitzrovia.
Maples Teesdale has acted for Ellandi on a milestone deal to bring international fashion retailer, H&M, into the Newlands shopping centre, Kettering. The tenant has entered a 15 year lease for a new anchor store of over 18,000 sq ft which was created by taking a surrender of the WH Smith unit and relocating Poundland within the recently refurbished scheme. The unit will be spread across two levels providing a full range of ladies, men’s and childrenswear.
Maples Teesdale acted for Avignon Capital on its acquisition of a Grade II* listed office building in Shoreditch for £5.1m, at a yield of 2.53%.
Maples Teesdale have advised a major Bank in respect of the re-financing of Real Assets Global Opportunity Fund I acquisition from Grosvenor of the 125-year leasehold interest in 33 Grosvenor Street Mayfair.
Having bought the 500,000 sq ft shopping centre for £99m last year, Legal & General Property is embarking on an £18.5m renovation programme.