08 November 2017
Macfarlanes advises Bewley Homes plc on land acquisition and development facility from Lloyds Bank plc
Macfarlanes has advised premium housing developer, Bewley Homes, on a £55m revolving credit facility provided by Lloyds Bank plc.
The facility will support the further acquisition and development of land to expand Bewley Homes’ property portfolio in prime locations across the South East of England.
The Macfarlanes team for the financing was led by finance partner Colin Morgan, with assistance from senior solicitor Lizzie Chamberlain. Advice on the real estate aspects of the financing was provided by DAC Beachcroft, led by partner Crispin Tomlinson and consultant David Roberts.
John Hudson, chairman of Bewley Group comments: “The Macfarlanes team, led by Colin Morgan and Lizzie Chamberlain, managed an efficient legal process and provided great commercial input to help deliver an important landmark in Bewley’s development”.
This financing, our first for Bewley Homes, represents an exciting step in the growth of Bewley Homes' business and we are delighted to have been so closely involved in helping them to achieve this important milestone.
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