Nabarro advises Hermes on investment in £90m mixed-use development in Bromley
Nabarro has advised client Hermes Real Estate on its investment in a major £90m mixed-use development in Bromley South Central.
Working with Cathedral Group and the Homes and Communities Agency (HCA), Hermes is funding and lending circa £55m for the development, which will include a cinema, a hotel, cafes and restaurants.
Hermes is providing the senior debt facility for the residential element, which will provide 200 homes and 400 underground parking spaces.
In addition, Cathedral Group has received a development loan facility from HCA’s ‘Get Britain Building’ fund.
The Nabarro team was led by real-estate partner Simon Staite and senior associate Sergio Vella, supported by construction associate Rebecca Prigg. Senior associate Richard Williams advised on the loan arrangements.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
When undertaking due diligence exercises in property purchases, a standard construction enquiry is usually raised of the seller to ask if there is a health and safety file.
This article focuses on the reforms affecting the generation of electricity, which is a regulated sector in the UK and the EU.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem