Burges Salmon seals Lloyds TSB funding

Burges Salmon has reached an agreement with Lloyds TSB to continue funding its move into new headquarters in Bristol, following the collapse of property developer Castlemore. The agreement means that the firm will be able to move into its new home at One Glass Wharf as planned in the summer of 2010. Castlemore fell into administration in March, resulting in talks between Burges Salmon, Lloyds TSB and PricewaterhouseCoopers – the administrator of Castlemore – over the future of the building. Managing partner Chris Jackson said: “All of the parties remain committed to this project and to working together on it.”