Macfarlanes advises Pluto Finance on company’s largest residential development facility

13 June 2018

Macfarlanes has advised UK-based residential lender Pluto Finance on a 36 month £59.8m residential development facility to Sky Building No 1 Ltd, the largest loan that Pluto Finance has made to date.

The loan, arranged by broker BBS Capital, will be used to finance the development of New Horizons Court in Brentford, one of London’s largest residential development schemes, which will convert 140,248 sq ft of office space including Sky’s former headquarters into 268 flats.

The Macfarlanes team for this matter was led by real estate partner Clare Breeze and finance partner Colin Morgan with assistance from senior solicitors Lizzie Chamberlain and Bethan Ellis-Jones and real estate solicitor Isabella Dierden-Hunt.