25 April 2007 - Mayer, Brown, Rowe & Maw LLP's London real estate finance team has advised Allied Irish Banks plc London Capital Markets Real Estate team on its recent financing of the purchase by Glenn Maud's PropInvest of The Gate in Newcastle for £76.5 million.

Formerly owned by Land Securities, The Gate, which opened in 2002, includes restaurants, bars and clubs, an Aspers Casino and an Odeon cinema.
The Mayer, Brown, Rowe & Maw team was led by London real estate partner Iain Thomas  and finance partner Nigel White assisted by finance associate Sahba Akhavan.
Ashurst advised PropInvest and Davies Arnold Cooper advised Land Securities.
For further information:
Iain Thomas

Partner, London
+44 (0)20 7782 8949

Charlotte Ward
PR Manager, London
+44 20 7782 8547