Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 21-10-2016 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Brookgate - Cambridge Forward Funding Deal with Aviva | Industry: | Real Estate Investment & Services |
| Description: |
Herbert Smith Freehills advised Brookgate on their forward funding deal in Cambridge with Aviva Life and Pensions UK Limited.
Aviva agreed to pay GBP87m to forward fund the largest office development at Brookgate's CB1 development scheme in central Cambridge. Aviva was to buy the site and fund construction of the 163,000 sq ft office at 50 and 60 Station Road. The building is expected to be finished in April 2019 and will include some retail units at ground floor.
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Lender | Law Firm | Herbert Smith Freehills |
| Real Estate Jurisdiction | United Kingdom | Real Estate Jurisdiction | United Kingdom |
| Classification: |
Real Estate Finance Syndicated and Bilateral Loans  Bilateral Loans |
Lawyer | Don Rowlands |
