Pinsent Masons successfully advises UCL on securing £280 million of financing to deliver its 2034 vision

28 Apr 2016 | 12:21 pm | 1 min. read

International law firm Pinsent Masons, has successfully advised UCL (University College London) on a new £280 million long term facility over 30 years, provided by the European Investment Bank (EIB).

International law firm Pinsent Masons, has successfully advised UCL (University College London) on a new £280 million long term facility over 30 years, provided by the European Investment Bank (EIB).

This round of funding follows an initial £150 million revolving credit facility in March 2015, led by HSBC, alongside Barclays, Lloyds and RBS.

Both rounds of funding are part of a commitment by UCL to a programme of capital investment, which will see £1.25 billion spent over ten years to support delivery of its strategic 2034 vision, helping to secure UCL’s position as a world leading centre of learning, research, innovation and enterprise.

Pinsent Masons provided legal advice to UCL on the EIB facility. The team comprised associate Pippa Whitmore and partner Edward Sunderland, who commented:

“We are pleased to have played a part in the latest UCL project to obtain this significant funding package, having worked with and advised UCL on various mergers in the past. This funding will help UCL secure its strategic 2034 vision, and it's been a pleasure to be part of the process.”

Pinsent Masons and KPMG provided advice on the latest round of funding, which will continue the work already underway to refurbish and upgrade UCL’s Bloomsbury campus as well as establishing UCL East – a major new higher education and cultural hub in East London at the Queen Elizabeth Olympic Park.

Phil Harding, Director of Finance at UCL, said:

“I am delighted that we have been able to secure flexible and long term debt facilities that will enable delivery of an ambitious programme of estate transformation for UCL. The teams at KPMG and Pinsent Masons have combined very effectively to deliver an outcome that matches our needs perfectly and on terms that are better than we had expected.” 

Latest press releases

Show me all press releases

Pinsent Masons helps secure planning consent for new landmark Holocaust Memorial

Multinational law firm Pinsent Masons has advised the Ministry of Housing, Communities and Local Government as applicant in securing planning permission for a new national Holocaust Memorial and Learning Centre to be located in central London.

Pinsent Masons launches online tool to spot future home-working related litigation for financial services firms

Multinational law firm Pinsent Masons has launched a new working-from home audit tool to help financial services organisations understand the hidden litigation and regulatory risks associated with staff increasingly working from home on a more permanent basis.

Pinsent Masons advises Seraphine Group PLC on its £150m main market IPO

Multinational law firm Pinsent Masons is advising Seraphine Group plc, an international digitally-led maternity and nursing wear, on its IPO and premium listing on the main market of the London Stock Exchange.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons helps secure planning consent for new landmark Holocaust Memorial

Multinational law firm Pinsent Masons has advised the Ministry of Housing, Communities and Local Government as applicant in securing planning permission for a new national Holocaust Memorial and Learning Centre to be located in central London.

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