BPE Solicitors recently advised Boultbee Brooks (St James Court) LLP on a £9.5m development facility backed by EU funding to redevelop the commercial office space at St James Court, Manchester with an anticipated end development floor space of 50,000 square feet.
BPE offered their expertise on the banking, property and construction phases of the transaction, including the initial purchase of the property. The facility was negotiated by Corporate Associate Adam Kean and Commercial Property Partner Tim Williams. Douglas Armstrong (Senior Associate) led the property aspect whilst Ian Griffiths (Partner) and Emilie Sclater (Associate) negotiated the construction documents.
Adam commented that: “We are delighted to support Boultbee Brooks on this latest property development by securing funding. The deal had a number of complexities; however, the range of skill and experience offered by BPE enabled us to help our client make informed decisions during every aspect, allowing a timely and successful conclusion to the financing of the project”.
Roger James at Boultbee Brooks says: “The support and professionalism of BPE has been invaluable in ensuring that this complicated financing ran smoothly and within the required timeframe to guarantee the key milestones of the development could be met”.
The development is anticipated to be completed by July 2018.
A Top 200 law firm in the UK, BPE Solicitors has 60 lawyers and more than 130 staff, with headquarters in Cheltenham, Gloucestershire and offices in Stroud and London, as well as access points in Cirencester, Bristol and Oxford.
Recent commercial property transactions for Boultbee Brooks also include the 30,000 square feet development at Hampton Court Aztec West, the £10,050,000 purchase of Stone Cross, Brentwood and the letting and sale of 25,000 square feet at 126 Back Church Lane to Diabetes UK.