BLP acts for the Abbey on shopping centre deal

Berwin Leighton Paisner (BLP) advised Abbey National Treasury Services on its £60m facility to a US Delaware limited partnership to buy and operate Edinburgh’s Cameron Toll Shopping Centre.

BLP also acted for Abbey National, which provided £2.5m of equity to the fund as a limited partner. Freshfields Bruckhaus Deringer represented the buyer. Finance partner Mark Waghorn led the BLP team, while the Freshfields team was led by partner Mark Watterson.
BLP linked up with Angus Macrae from Scottish firm Semple Fraser and US firm Kramer Levin Naftalis & Fra-nkel on the deal; Freshfields used Shepherd & Wedderb-urn for Scottish advice and Akin Gump Strauss Hauer & Feld on US matters.
A Semple Fraser spokes-person said that BLP and Semple Fraser have been working together on cross-border property matters since the beginning of the year.