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Shoosmiths advises Mount Property Group on £12 million development finance for student living scheme

Long-standing Shoosmiths client Mount Property Group has secured £12m development finance to fund a 574-bed student living scheme in Liverpool.

The £12m will fund the scheme’s completion in September 2020. The 16 and 10-storey project is being constructed by Mount Construction and management contractor Barton Group Services.

Shoosmiths real estate partner Michael Whitworth and senior associate Neil Bradley provided legal advice to Mount Property Group. Tim McNamara and Liana Di Ciacca, partner and senior associate respectively, provided the banking advice, with Rick Atha, construction partner, and Faith McLoughlin, construction trainee solicitor dealing with all construction matters.

Michael said: “I’m very pleased that we are able to offer the full range of services and support to Mount during their significant period of growth. Both myself and my team here at Shoosmiths are looking forward to continuing to work with Mount on their new and existing schemes.”

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I’m very pleased that we are able to offer the full range of services and support to Mount during their significant period of growth. Both myself and my team here at Shoosmiths are looking forward to continuing to work with Mount on their new and existing schemes.

Michael Whitworth
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Working together with Michael and his professional team to secure this development funding within a five-week period is a great result for us and for Mount Property Group. The 576 bed Natex scheme will provide a quality asset for Liverpool’s education sector for years to come.

Neil Bradley

Disclaimer

This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given.

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