Burges Salmon advises Bank Leumi on facility for Audley Redwood

The Audley Redwood retirement village close to Bristol is due to open in 2017, offering luxury facilities to its residents.

02 August 2016

Burges Salmon's banking team has advised Bank Leumi (UK) plc on a development facility for the Audley Redwood retirement village.

The Burges Salmon team, led by partner Graham Soar and associate Jacob Preisner with assistance from the firm’s real estate and construction and engineering teams, advised Bank Leumi on all legal aspects of the development facility.

The Bank Leumi team was led by Property Finance relationship manager Richard Martin. Bank Leumi is Israel's largest bank with 13,500 employees and a presence in the UK, USA, Romania, and China.

Opening in 2017, the Audley Redwood retirement village close to Bristol is set within acres of landscaped parkland in Failand. Audley Redwood comprises 106 luxury apartments and 20 cottages, offering one, two or three bedrooms. The centrepiece of the village, Redwood Hall, is home to the Audley Club, with its library, restaurant and luxury health club.

Graham Soar said: “Bank Leumi’s Property Finance team specialises in a range of residential and commercial properties and is experienced in funding care homes and retirement villages across the UK. We are therefore pleased to have been able to put the right team in place for our long-standing client to help it complete this latest transaction.”

 

Key contact

Graham Soar

Graham Soar Partner

  • Banking
  • Derivatives, Debt Capital Markets and Securitisations
  • Project Finance

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