Addleshaws acts on A&O landlords loan

Addleshaw Goddard has advised Bayerische Landesbank on a £400m loan to Hammerson that used Allen & Overy‘s (A&O) office building as security on the facility. The loan is secured on Bishops Square, E1 – a 75,800sq m building developed by Hammerson in a 75-25 joint venture with the the City of London Corporation, and which is occupied principally by A&O. Clifford Chance commercial property partner Jonathan Solomon advised Hammerson, assisted by real estate finance partner Jane Cheong.