Buccleuch secure finance for River Thames scheme
Semple Fraser recently advised Buccleuch Property on the corporate and banking aspects of a structured real estate deal which involves the development of a 400,000 sq ft mixed-use scheme on the south bank of the River Thames.
Native Land, a company part owned by Buccleuch, secured £56m of finance from Bank of Scotland Corporate for 2.5 acres on London's south bank, a year after agreeing to buy the site from the London Fire and Emergency Planning Authority (LFEPA).
Designed by Lifschutz Davidson Sandilands, the scheme will feature private residential, mixed-tenure affordable housing and 50,000 sq ft of commercial space.
Semple Fraser advised Buccleuch on corporate and banking matters.
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