Addleshaw Goddard has advised Helaba and Handelsbanken London Moorgate branch (the German and Swedish banks respectively) on a £325 million loan to Tesco BL Properties Ltd (a joint venture between British Land and Tesco) secured on a portfolio of Tesco tenanted shopping centres.
The Addleshaw Goddard team was led by head of real estate finance and banking partner, Paul Salsbury, and supported in the banking team by managing associate Zoe Maurer, and associates Laura Robertson-Dunn and Tom McHugh. The deal involved lawyers from across the firm including, head of real estate, Leona Ahmed, and her team, principally consultant Peter Taylor and associate Hanan Taousi-Chahboun.
The deal supports Addleshaw Goddard’s platform as one of the UK’s leading real estate finance practices.
Paul Salsbury, commenting on the deal, said: “This is one of the markets headline deals and we are delighted to have undertaken this instruction for long standing clients Helaba and Handelsbanken and to have worked alongside the British Land and Tesco teams. It was a collaborative transaction, testament to the professionalism of all of the parties involved. “
Source: www.addleshawgoddard.com
