Another busy fortnight in development finance at HH

HH completes four high value transactions

 

Over the past two weeks, we have acted for our longstanding client Invest and Fund on the completion of four high value development finance transactions, totalling over £20,000,000.00 GDV.

As is usual with development finance transactions, each has had its fair share of complexities, including:

  1. Advising on the redevelopment of a former care home (which is a listed building), supporting the conversion into 9 apartments and 5 new-build dwellings.
  2. A complex development of a listed building to create 31 apartments, involving several freehold and leasehold titles, with missing leases, absent landlords, and some landlords requiring consent, all carefully navigated to deliver a clean, registrable title.
  3. The redevelopment of a former chapel (including a burial ground and unregistered land), where we ensured compliance with the Burial Act 1853 and addressed legal and title considerations to protect the lender’s position.
  4. A complex redevelopment of an office block to provide 43 residential apartments. This included advising on beneficial land transfers and the intricacies of the juxtaposing rights granted in leases - quiet enjoyment for the Tenant and the right to redevelop for the Landlord.

A special thank you to Rory Batchelor, Tarek Tawil, Irfan Hanif, and Glenn Williamson for selecting HH to work alongside in order to get these deals over the line.

It is always a pleasure to support a proactive and commercially minded developer funder.

Congratulations to all involved, in particular to Sandy Munroe, Manisha Bajwa and Macaulay Callard who led the transaction from HH’s side.

Keep your eyes peeled, as we have many more transactions in the pipeline.

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