Pinsent Masons advises on £550m revolving facility

01 Oct 2013 | 04:52 pm |

International law firm Pinsent Masons has advised, Barclays, HSBC, Lloyds and Royal Bank of Scotland, on the £550 million revolving facility for FTSE 250 property investment company Derwent London plc.

Derwent, which is the largest Central London focussed Real Estate Investment Trust in the UK, has made a name for itself by investing in an extensive portfolio of properties which are located within 800 metres of a Crossrail station. One of its landmark properties includes Number One Oxford Street, a regeneration project situated above the new Tottenham Court Road Crossrail and London Underground station at the junction of Tottenham Court Road and Oxford Street.

The Pinsent Masons team advising on the deal was led by banking partner William Oliver assisted by Liam Terry and Anthony Frost. Slaughter and May acted for Derwent London plc.

Commenting on the deal William Oliver said: "We have seen a noticeable increase in transactions over the past three to six months, culminating in a peak period over the summer where we closed deals worth over £1.2bn in the space of a fortnight. We have an encouraging pipeline in place and are hopeful that this is a positive sign of things to come.”

Latest press releases

Show me all press releases

Pinsent Masons wins Construction Team of the Year at the Middle East Legal Awards

Multinational law firm Pinsent Masons has won Construction Team of the Year at the Middle East Legal Awards 2021.

Pinsent Masons collaborates with LifeArc on expert paper to support drug repurposing

Multinational law firm Pinsent Masons has collaborated with medical research charity LifeArc, on a new report offering expert advice, insights and practical tips to charities, researchers and funders hoping to repurpose drugs for other – often rare and fatal – conditions.

Pinsent Masons advises UCL on £300m sustainability bond

Multinational law firm Pinsent Masons has advised University College London (UCL) on its debut issue of £300m 1.625% sustainability bonds due 2061 - the first publicly listed sustainability bonds in the higher education sector.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons launches its tax practice in Spain

Multinational law firm Pinsent Masons has hired Gonzalo Gil Suarez in Madrid to lead the firm’s tax law practice in Spain.

Pinsent Masons hires Lisa Connaughton to lead its Company Secretarial Operations in Dublin

Multinational law firm Pinsent Masons has hired Lisa Connaughton as head of company secretarial operations in Dublin, further boosting its financial services capabilities in Ireland.

Pinsent Masons advises Nest pension scheme on infrastructure investment

Multinational law firm Pinsent Masons has advised Nest, the auto-enrolment pension scheme, on its appointment of GLIL Infrastructure to help further its goal of investing nearly £3bn into infrastructure equity by the end of the decade.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts