Leading global law firm Dentons has advised French investment bank Natixis Corporate & Investment Banking in all capacities on a new sizeable Green Loan facility to Johnson Hatton Office Trustee 1 Limited and Johnson Hatton Office Trustee 2 Limited, acting in their capacity as joint trustees of the Johnson Hatton Office Unit Trust. Mizuho Bank, Ltd., acting through its London Branch, joined the financing as joint Arranger. The facility is being used to refinance existing debt and to finance related costs.
The Johnson Estate is a c.200,000 square foot award winning grade A office complex, located in Central London’s Midtown / Farringdon area.
The Dentons team who advised Natixis Corporate & Investment Banking was led by Finance partner James Irvine, alongside Real Estate partner Simon Masri, both based in London.
Speaking after completion of the transaction, James commented “We are delighted to have advised the new finance parties on this syndicated cross-border refinancing. Since the start of the year we have seen an increase in refinancing activity, with the more stable interest rate environment.”
Simon added “The transaction is reflective of the continuing attractiveness of well-positioned office assets with strong ESG credentials to investors, tenants and lenders.”
The core Dentons team advising on the deal also included Banking and Finance partner Joe Byron Evans and associate Will Anthem, as well as Real Estate counsel Chris Foxall and senior associates Helen Cairns and Katie Scuoler, along with Mark Macaulay and Elizabeth Darley from the firm’s Construction team.
