Mayer Brown advises Lloyds Banking Group on £53m loan to Blackstone
29 August 2012
London - Leading global law firm Mayer Brown has advised Lloyds Banking Group on their £53m loan to fund the construction of a new office building at Blackstone Real Estate Partner's Chiswick Park.
The 220,000 sq ft building which is pre-let to Scandinavian energy company Aker Solutions on a 20-year lease, represents the largest UK office letting in almost a year. The deal is expected to lead to the area attracting further interest from global engineering and technology businesses.
Finance partner Nigel White led the Mayer Brown team in London with Real Estate partner Chris Harvey and Construction partner Chris Fellowes. They were assisted by Finance lawyer Aaron Lockyer, Real Estate senior associate Kerry Middlemiss, Construction senior associates Jonathan Olson-Welsh and Tamsin Travers and Finance associates Lara Pearce and Doye Balogun.
Nigel White, Finance partner, said: "This transaction is one of the largest UK office lettings in almost a year and had to be delivered within a particularly tight timetable. We are delighted that the financing was concluded within that timeline. It's another shining example of how our finance, real estate and construction groups worked together seamlessly to achieve our client's objectives on an important mandate."
The announcement comes shortly after the Mayer Brown Real Estate team announced it advised Berlin Hyp on the sale of Goldman Sach's London headquarters and British Land on its £129.6m acquisition in Mayfair.