Ogier advises Goldman Sachs and Jones Lang LaSalle on two multi-million pound property transactions

| December 24, 2012 | 0 Comments
Chris Byrne

Ogier in Jersey acted for Goldman Sachs as arranger and lender in connection with the £15,000,000 refinancing of a facility made available to Barchester Healthcare Homes Limited, the UK care homes provider.  The Barchester property portfolio includes a number of properties located in Jersey, including the Lakeside residential care home in St Peter.

The property team in Ogier’s Jersey office has also acted for Jones Lang LaSalle as receivers in connection with the enforcement over and sale of units in the Procession House Unit Trust, a Jersey property unit trust (administered by Ogier Real Estate) and its asset, a long-term leasehold in Procession House, Ludgate Hill in the City of London.  The consideration for the sale to a UK based property company was in the region of US$100,000,000.

Speaking about the two transactions, Chris Byrne, lead partner, commented: “we are delighted to have advised on these significant transactions.  These form part of a growing number of complex cross service line transactions that the team has been involved in.  The Goldman Sachs refinancing in particular required complex, cross service line capabilities.

For the Goldman Sachs transaction, the Ogier legal team comprised Chris Byrne (partner) and Peter Longstaffe (senior associate) on the financing side and Julie Melia (partner) on the Jersey real estate side.

Ogier in Jersey also acted for the security trustee, Wilmington Trust (London) Limited.  Mourant Ozannes acted for Barchester.

English legal advisers were: Baker & McKenzie LLP for Goldman Sachs and the security trustee and Ropes & Gray for Barchester.

For the Jones Lang LaSalle transaction, the Ogier legal team comprised Chris Byrne (partner), Peter Longstaffe (senior associate) and Oliver Hughes (trainee solicitor).

Appleby’s Jersey office acted for the purchaser of the units. Mourant Ozannes acted for the lenders to the purchaser.

English legal advisers were: DLA Piper LLP for the receivers and Reed Smith for the purchaser and purchaser’s lenders.

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Category: Finance & Business

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