11 December 2019

Burges Salmon’s Banking team, led by partners Richard Leeming and Paul Browne, has advised MetLife on the transaction that has seen Newworth Holdings Limited refinance and restructure its ownership of the property in the heart of London.

The refinance is an important part in enabling the ultimately US-owned group complete its extensive refurbishment programme of the property and its re-letting.

The transaction involved input from Gibraltarian, US, Jersey and UK legal counsel with Burges Salmon co-ordinating the legal work across each jurisdiction.

Richard says: “This was not at all straightforward, whether in terms of the underlying deal or the number of jurisdictions involved, but the professionalism and approachability of both the MetLife and Burges Salmon teams made the process a lot easier.”

Key contact

Richard Leeming

Richard Leeming Partner

  • Banking and Trade Finance
  • Derivatives, Debt Capital Markets and Securitisations
  • Real Estate Finance

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