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Alistair Rattray

Director

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About

Alistair specialises in Real Estate Finance, working for lenders (including clearing banks, funds and other alternative lenders) and borrowers across the whole of the built environment sector.

With a particular focus on development finance, he has significant experience of, often complex, transactions most notably in housing (including build-for-sale and build-to-rent), PBSA (student accommodation) and healthcare and care homes. He is also experienced in Sharia’h finance, in particular in the context of real estate finance and is dual qualified in Northern Ireland and has advised on a number of Northern Irish development-led transactions.

Alistair is the lead banking and finance lawyer in the firm’s ESG and sustainable finance team, and has advised on a number of sustainable and green loan transactions, delivered industry-wide training and assisted clients to develop specific ESG-lending documentation.

He also advises clients on a range of corporate finance transactions, in particular in relation to invoice discounting and other forms of asset-based lending. He is part of the firm’s EV transport sector group and has led on a number of high-profile EV transport transactions across EV fleet and zero-carbon buses. In addition, Alistair is part of the firm’s derivatives team, advising clients (both buy and sell-side) on a range of derivatives matters, from loan-linked ISDAs, regulatory advice to negotiating bespoke derivatives agreements.

Experience

  • Confidential: Advising the lender on the funding of the development of the first phases of a 6,000 unit development as part of a ‘garden village’ in the South of England.
  • Puma Property Finance: Advising Puma in relation to £20 million development loans to Zephyr X Developments for the delivery of two care homes, comprising an aggregate of 125 beds, in the South East of England.
  • London Wall: Advising London Wall Lending on a £69 million development loan to residential developer X1 Developments to enable the construction of a 34-storey tower, the initial part of a 1,314-home Salford Quays project.
  • FirstGroup plc: Acting for FirstGroup in connection with its NextGen project for the acquisition of 1,000 electric buses, including advising on a £150 million syndicated hire-purchase funding arrangement with Lloyds, NatWest and Bank of America.

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