LONDON – 23 Jan. 2023 – Lawyers from global law firm Greenberg Traurig, LLP acted for Deutsche Pfandbriefbank AG on the £30,871,500 financing of the Langstone Technology Park, Havant. The park is a 40-acre business hub on the south coast of England comprising 480,000 sq. ft. of flexible workspace suitable for office, research and development, data centre, distribution, and manufacturing. The financing will in part fund the ongoing development and expansion of the facilities at the park. AIMCo and XLB Property acquired the site in 2020 from Angelo Gordon and Trinity IM. Brotherton Real Estate were advisers to the borrower.
The Greenberg Traurig team was led by Real Estate Finance Shareholder Daniyal Ansari, assisted by Real Estate Finance Senior Associate Thomas Keenan and Finance Associate Suraj Padhiar. On Tax matters, the team was led by Shareholder Ben Eaton, assisted by Tax Associate Kathryn Jones. On Real Estate and Construction Law matters, the team was led by Real Estate Shareholder Carol Hopper and Construction Law Of Counsel Kate Kirby, assisted by Real Estate Senior Associate Dominic Provis, and Construction Law Associate Kyle Sethi.
About Greenberg Traurig's Real Estate Finance Practice: The Greenberg Traurig Real Estate Finance Practice is a cornerstone of the firm and recognized leader in the industry. Our Real Estate Finance team advises on the full range of transactions across the real estate sector, from simple bilateral financings to complex, multi-jurisdictional syndicated facilities, restructurings, and capital market transactions. We have wide-ranging experience acting for lenders and senior creditors, including banks, debt funds and other financial institutions, as well as borrowers, debtors, and investors, which gives us a practical understanding of the drivers and concerns of each party to a transaction. The scope of our real estate finance capabilities spans to every major income-producing property sector and asset type. Our lawyers have been involved and led deals in a wide range of commercial real estate loans with varying maturities, leverage ratios and debt service coverage ratios, and other financial covenants. Our representation also includes purchasers of individual loans or pools of loans secured by real estate or interests in real estate and the resale, restructuring or exercise of remedies under such loans. Furthermore, our lawyers have in-depth experience of all major commercial real estate asset types, including assets which involve active operation such as PBSA, co-working spaces, data centres, cold storage and private rented sector. We also advise on loan-on-loan financings, loan repo arrangements and sophisticated capital markets products, including commercial mortgage-backed securities and real estate related non-performing loan securitisations.
About Greenberg Traurig’s London Office: Greenberg Traurig, LLP in London has established itself as a multidisciplinary law firm, with nearly 120 lawyers and growing. The London office provides partner-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig in London advise U.K. and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, automotive, retail and communications. For additional information, please visit www.gtlaw.com.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ 250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm’s U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.