Burges Salmon has advised Blackfinch Property (Blackfinch) on a £4.4 million loan to fund the acquisition and restoration of a large area of land in Dumfries and Galloway, Scotland.
Blackfinch are investment specialists covering tax-efficient solutions, early-stage investing, managed portfolio services and property financing.
Previously used for livestock, the 650 hectare site in Dumfries and Galloway will now be utilised for commercial forestry, producing sustainable building materials and contributing towards the government’s plan for future woodland expansion to cover 21% of Scotland by 2032. The deal aligns closely with Blackfinch’s own environmental, social and governance (ESG) values, and the incorporation of those principles across its business.
The Burges Salmon team advising on the deal was led by directors Amy McVey and Paul Clark, alongside senior associate Sarah Stewart, Emily Cranston and paralegal Kerry McGee.
Paul Clark comments: “We are pleased to have been able to support Blackfinch through this transaction. The money will be used to create local job opportunities, while improving air and soil quality, reducing flood risk and increasing biodiversity.”