Specialist Real Estate Finance Team Advise Macquarie Bank
National law firm Irwin Mitchell’s real estate finance division has just advised on its first deal for new client Macquarie Bank Limited.
The bank is refinancing a portfolio of 21 residential properties in London owned by high net worth individuals and companies owned by them. The loan was for £21.1M
The Irwin Mitchell team was led by Real Estate Finance partner, Simon Tweedle, assisted by Claire Illingworth (Real Estate) and Ajoy Bose-Mallick (Finance). Shinead Wilson at Child & Child advised the borrower.
Macquarie is a leading provider of banking, financial advisory, investment and funds management services headquartered in Australia but with global operations having offices in the world’s major financial centres.
Simon Tweedle commented, “We are delighted we have been able to advise a client of such stature as Macquarie who is increasingly active in the UK real estate markets, as traditional lenders consolidate their loans.”
The deal follows on from Irwin Mitchell’s announcement last week that it was appointing two high profile banking and asset-based lending partners from Squire Sanders: Andrew Watson is to be the new head of Finance in the London office and John Bew will split his time between London and Birmingham.
This is part of Irwin Mitchell’s push to become a serious player in the financial legal marketplace.