Bedell Cristin advises on the financing of the acquisition of one of Guernsey's premier commercial properties27 Jun 2019
Leading offshore law firm Bedell Cristin has advised RBS International in connection with finance made available to the Channel Islands Property Fund Limited.
The team provided Guernsey and Jersey law advice in connection with the financing of the acquisition by the Fund of Royal Bank Place, one of Guernsey's premier commercial properties.
The transaction also involved a refinancing of the existing facility to the Fund, the portfolio of which comprises high end commercial properties in Guernsey, Jersey and the Isle of Man.
The Bedell Cristin team was led by Guernsey partner Kate Ovenden and group partner Tim Pearce, assisted by Ann Halliday, counsel, Antony Clerehugh, senior associate and Jennifer Mills, legal assistant.
Kate Ovenden commented: "We were delighted to be able to assist RBS International with the successful delivery of this latest transaction for the Channel Islands Property Fund Limited.
Our continued instruction by the Bank in these matters is testament to our ability to provide market-leading, robust and commercial finance and property advice across our different jurisdictions."
Simon Chandler, Director of Real Estate Finance, RBS International added:
"Once again we have successfully achieved a closing of financing for the Channel Islands Property Fund Limited, demonstrating our ability to field a team of talented professionals across the Channel Islands to provide premier real estate finance solutions for our customers."