Over the last six months Peter Brown & Co have acted for three separate banks in successfully completing four different facilities, two with loans in the region of £15 million and two for £5 million facilities. The transactions range from re-financing two diverse Investment Portfolios with over 30 properties in each through to development finance. Peter Brown & Co have acted for several banks as mortgagee’s solicitors over 25 years. We have developed a niche expertise in this area. Understanding what banks want and why provides us with the insight and knowledge, when acting for borrowers, to effectively package and finalise transactions.
Peter Brown & Co are acting on behalf of clients who have exchanged contracts to purchase a site which is part of a much larger regeneration area.
Our clients have worked with their “joint venture” investment partners and neighbouring owners on the master plan for two years which has now been superseded by an adopted supplementary planning document. Our clients are working up to an application which could provide over four hundred (400) units together with additional commercial, all on the site that is being acquired. The full planning application will be submitted in the next few months.
Going forward there will need to be land-swap arrangements with neighbouring owners, a communal land trust or similar arrangement for public and communal spaces to include a park, an energy centre, co-operation agreements, other infrastructure and planning obligations.
Peter Brown has commented that; “This is a complex and challenging transaction, which makes it all the more satisfying to know that it is heading towards a highly successful conclusion”.
Peter Brown and Co has strengthened the Commercial Property Team with Fran Merifield’s promotion to Senior Associate.
Fran joined the firm in August 2016 and specialises in all aspects of commercial property work particularly in Landlord and Tenant work alongside estate management site acquisition.
Peter Brown commented; “This is a fantastic addition to our growing property team and we are excited to have Fran on board”.
Cyber attacks on our health service – is nothing sacred? The answer is a resounding NO!
This electronic data age brings with it many benefits, but the downside is the increasing number of attacks against individuals and businesses. Some seem to be just for fun, others are malicious or even criminal.
As a modern day firm of property solicitors we have vigorous policies and procedures in place to fight against cyber fraud, and have to be constantly vigilant against more and more of these attacks. It is very important for us to protect every transaction and we make no apology for the additional checks and balances that we put in place to keep our client’s transactions safe.
It seems though that no matter how many of these automatic measures are in place, or how big the IT Department is, the last hope is for individuals being knowledgeable and vigilant on the day.
So eyes peeled!!