Stephenson Harwood advises Redevco on landmark financing for new debt platform

Law firm Stephenson Harwood LLP has advised Redevco, one of Europe’s leading privately-owned real estate managers, on its first loan financing for its recently launched debt platform.

The £47.5 million facility will enable Original Works, a new platform launched between Invesco Real Estate and Simten, to acquire and complete the refurbishment of a c.56,000 sq. ft office-led scheme at 10 Salisbury Square in the City of London. The project is a comprehensive retrofit and extension to deliver Grade A healthy, progressive office space with the highest sustainability ambitions.

The cross-practice team advised Redevco on the debt finance, real estate, construction, tax and corporate aspects of the transaction.

The team was led by Debt Finance Partner James Linforth. James was supported by Managing Associate Will Rowling and Associate Alexandra Tomlinson; on Real Estate by Partner Paul Hayward-Surry and Managing Associate Patrick Lundie; on Construction by Partner Graeme Barton and Associate Jenna Plush; on Tax by Consultant Richard Croker and Associate Ruth Hainsworth; and on Funds by Partner Alex Haynes.