Walkers’ Jersey Banking & Finance team has advised Rothesay on providing a ten-year senior term loan to Lendlease for the acquisition of 21 Moorfields.
The development, bought for £809m, is expected to be completed in Q1 2023, and covers approximately 564,000ft incorporating high-quality retail and commercial office space, improved pedestrian permeability via a reconfigured highwalk and a new public square with retail and improved landscaping.
A Walkers team led by group partner Jon Le Rossignol and including senior counsel Louise Hamilton and associate Rebecca Lever, advised the lender on the Jersey law elements of the financing of the new premium office development that will become Deutsche Bank’s new home in the City.
Jon said: “We are delighted to have advised Rothesay on this matter, working closely with our instructing counsel at Clifford Chance. It is particularly pleasing to be able to complete such a high-value and prestigious transaction on a development which is targeting the very highest standards in sustainability and energy efficiency.”