Taylor Wessing advises Allied Irish Banks on £200m loan facility

Taylor Wessing has advised Allied Irish Banks plc on a £200m secured loan facility provided to finance the purchase of UK investment properties sourced and managed by Cheval Properties Limited.

This loan has initially been used to finance the purchase of two portfolios of UK investment properties. Further drawings will be made in the future to finance the purchase of additional investment properties. 

The properties are being acquired through Jersey special purpose companies ultimately owned by The Fifth Belfry Properties (UK) plc, an Irish incorporated investment fund.

The Taylor Wessing team advising Allied Irish Banks comprised Malcolm Ring and Andrew Johnson (real estate) and Martin Yells, Jonathan Marks and Eleanor West (finance). 

Macfarlanes advised Cheval, while Bedell Cristin and A&L Goodbody acted as AIB's Jersey and Irish counsel respectively.