Shoosmiths advises on multi-million Tower Hamlets development

Shoosmiths advises on multi-million Tower Hamlets development

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Author: Lee Perry

National law firm Shoosmiths has advised property development specialist DCP Limited on its multi-million pound refinancing for a site in Tower Hamlets, London.

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Liam Phillips

The £26 million deal - with OakNorth Bank Plc - was turned around in just three weeks and represented DCP's first major finance deal.

The refinancing is part of a wider development scheme aimed at delivering around 100 affordable and private rental homes in Caroline Street.

Shoosmiths' team was led by senior associate Liam Phillips with Dan Stamford assisting on real estate aspects while finance partner Adam Chamberlain and solicitor Lauren Conroy led on the finance elements. Planning solicitor Kara Roberts and corporate paralegal Kathryn Kinsey and solicitor Emily McQueen also assisted.

Liam said: "We were thrilled to have been part of the team which helped DCP on its first major finance deal, and one in which we were able to identify issues and tackle them quickly and efficiently. DCP have a number of exciting schemes in the pipeline and I'm sure that Caroline Street will represent another impressive project."

DCP founder and managing director Dean Charnock said: "The Shoosmiths team has been impressive in its tireless work, in what has represented a first for us and a deal which needed wrapping up in a short space of time."