07.12.2012

'Significant' Deal For Banking Team

Law firm Irwin Mitchell has advised listed urban regeneration and strategic land specialist, MJ Gleeson Group plc, on its refinancing with The Co-operative Bank.

Gleeson specialises in housebuilding on brownfield land in the North of England with a particular emphasis on low cost homes, along with enhancing the value of land options by achieving residential planning consents on greenfield sites, primarily in the South of England.

Gleeson has had a long association with South Yorkshire as the business was founded in Sheffield by Michael Joseph Gleeson in 1903.  Today, Gleeson employs over 160 people in offices based in Sheffield, Bury, Sunderland and Fleet.

Dean Gormley, Partner and head of Irwin Mitchell’s banking and finance team in the North said: “We are delighted to have supported the Co-Operative Bank on this latest banking refinance. It is a significant deal for all parties and reflects our determination to establish a first-class banking and finance team in the region.”

John Franklin, Senior Corporate Manager, at The Co-operative Bank, added: “We’re delighted to welcome the MJ Gleeson Group to The Co-operative Bank. Our approach of building long-term, supportive partnerships with our business customers is resonating with companies whether small, medium or large, like Gleeson.  We are totally focused on developing strong relationships with customers and are committed to supporting their success. We now look forward to working with the MJ Gleeson Group and helping it achieve its future ambitions.”