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Lawrence Stephens Team Completes £13m SPV Acquisition

A team of Lawrence Stephens’ Real Estate Finance and Corporate & Commercial solicitors has completed a £13 million company acquisition on behalf of a successful property developer client. The property involved in the Special Purpose Read more...

A team of Lawrence Stephens’ Real Estate Finance and Corporate & Commercial solicitors has completed a £13 million company acquisition on behalf of a successful property developer client.

The property involved in the Special Purpose Vehicle (SPV) is a multi-storey commercial building based in Romford which has a number of strong tenants already occupying the building in six separate office suites.

The multimillion-pound transaction is the largest ever completed by the client and the acquisition of this property has enabled them to significantly expand their commercial property portfolio.

Real Estate Finance Solicitor, Stavros Theophilou, managed the property aspects to the transaction while colleagues from the Corporate & Commercial department – Senior Director, Steven Bernstein, and Solicitor, Aashay Knights – arranged the necessary security and loan documentation related to the purchase.

Solicitor, Aashay Knights, comments:

“I’m delighted to have assisted our valued client in the acquisition of this substantial property that will certainly add significant value to their business. A great example of how cross-departmental collaboration can deliver quality legal services as well as excellent commercial results for our corporate clients.”

Solicitor, Stavros Theophilou, comments:

“It’s been a pleasure to work on this exciting transaction and I’m so pleased that we were able to deliver an excellent result for our client; I can’t wait to see this business continue to go from strength to strength in the future.”

If you would like to discuss any of the topics raised in the above article, please call us on +44 (0)20 7936 8888, email on enquiries@lawstep.co.uk or contact a member of the team below.