The project is a joint venture between London developer CIT and Jadwa Investment intending upon the redevelopment and refurbishment of the Kings Reach Tower on London's south bank.
The financing comprised a £100 million facility and a £145 million mezzanine tranche provided by Saudi Arabia’s Mohammed Al Subeai & Sons Investment.
Team of advisers
The Norton Rose team was led by Dubai based Mohammed Paracha. Senior associate Martin Botik advised on the banking aspects with assistance from Thomas Lindley. London based partners Wasim Khan, Chris Hill and John Challoner advised on property, construction and tax aspects respectively.
King & Spalding advised the mezzanine financiers and Jones Day advised CIT. Isle of Man advice was provided by Appleby acting for the senior banks and Cains acting for CIT and the mezzanine financiers. Appleby and Mourant Ozannes provided Cayman Islands law advice and Al Tamimi Riyadh advised the senior banks in relation to Saudi law aspects.
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