18 Feb 2014 | 03:01 pm |
International law firm Pinsent Masons has advised European Investment Bank (EIB) on a £350 million debt facility for housing association Sanctuary Group. The agreement will help finance Sanctuary’s development programme involving the construction and renovation of over 20,000 homes across the UK.
Formed in 1969, Sanctuary Group manages more than 96,000 homes across England and Scotland, providing general rented, sheltered and home ownership accommodation.
The Pinsent Masons team advising EIB on the deal was led by banking partner Edward Sunderland, assisted by senior associate Esther Parkes, solicitor Seána Donaghy and property partner Stephen Brown.
Commenting on the deal Edward Sunderland said:
"We were delighted to assist the EIB on this landmark deal, the first direct lending that EIB has done within the social housing sector for over 12 years. This significant investment by EIB will greatly assist the UK economy, allowing Sanctuary to continue developing its national housing stock, and we were pleased that EIB were able to rely on our market leading social housing finance expertise to help deliver this."
Pierre-Emmanuel Noel, leading the deal for EIB, said: “We were very pleased to have the continuous expert support of Pinsent Masons to get this complex housing deal across the line within a short period of time”
Multinational law firm Pinsent Masons continues the expansion of its structured finance team with the appointment of partner Igor Zyskind in its London office.
Multinational law firm Pinsent Masons has advised global energy company Puma Energy on the Luxembourg aspects of the successful issuance of $500m 7.750% high yield senior notes due 2029.
Multinational law firm Pinsent Masons is advising leading UK independent exploration & production company Ithaca Energy plc on its transformational combination with Eni S.p.A.’s UK upstream oil and gas assets, establishing Ithaca Energy as the second largest independent operator in the UKCS by 2024 production.
Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.
With national lockdown commencing, financial services experts foresee a continued step-change in support offered to customers grappling with mental health concerns as banks continue to ramp up measures to help consumers manage pressure on finances prompted by the pandemic.
Multinational law firm Pinsent Masons has advised Basingstoke and Deane Borough Council and Hampshire County Council on a public-private partnership which will see the development of at least 3,500 homes in Manydown garden community in Basingstoke, Hampshire.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]