Hammonds advises on Christchurch purchase

Sovereign Capital, which has been supported by Christchuch’s management in the takeover, was advised by Hammonds partner Jonathan Jones, who led a team that included senior associate Jayne Aarons, ­corporate associate Joy ­Irving and banking ­associate Andrew Fordham.

Santander Corporate Banking, which provided a senior debt facility to enable the acquisition, turned to its long-term legal advisers at Howard Kennedy for advice on the matter, with banking lawyer Steve ­Clinning instructed as the lead ­partner. His team included property finance partner Mark Phillips and ­corporate solicitor Matthew Astbury.

Clinning commented:
“It was an interesting ­transaction, not only due to the nature of the work, but because the particular ­sector is increasing in ­popularity among investors, reflected by Sovereign ­Capital’s interest.”