Maples Teesdale have advised Eversheds Sutherland on their Manchester office relocation from their existing base at 70-76 Great Bridgewater Street, where they have occupied the entire building for nearly 20 years, to a pre-let of space in the New Bailey scheme..
Maples Teesdale acted for Prosperity Capital to fund the development of a 326 bed student accommodation scheme in Derby known as The Croft. The transaction involved £14m of senior debt from Maslow Capital, £2.5m of mezzanine debt from Kenfin Finance and £5m of equity loans provided by a number of investors.
Maples Teesdale has advised PATRIZIA Immobilien AG’s UK Value 2 fund on £110m of sales in Manchester and Edinburgh. The Maples Teesdale team acted for PATRIZIA’s UK Value 2 fund on the corporate aspects of the off-market sale of the 191,000 sq ft “1 Tanfield” office complex in Edinburgh for £65.5m to Greenridge Investment Management (on behalf of a joint venture with an international investor). The sale was effected through the sale of the shares in a Luxembourg holding company.