BCLP advises Edge in connection with the £340m refinancing of EDGE London Bridge office tower

A multidisciplinary BCLP team advised longstanding client Edge on a c.£340 million refinancing of their landmark London Bridge development.

Located on London’s South Bank, the 275,500 sq ft, 26-storey office tower is due to complete later this year and is set to become one of the capital’s most sustainable commercial developments, targeting NABERS, BREEAM Outstanding and WELL Platinum certifications.

Tristan Capital Partners provided the loan, which refinances the existing construction facility and funds the remaining costs to complete the scheme. BCLP advised on all property and construction aspects of the deal. The transaction highlights the strength of BCLP’s market-leading real estate platform and our ability to provide innovative support on high-value, complex mandates.

Daniel Burnand (Partner, Real Estate) commented: “We are delighted to have supported Edge throughout the full lifecycle of this landmark development, from the initial site acquisition and development phase through to leasing and this significant refinancing. This transaction showcases the strength of BCLP's integrated real estate platform and our ability to provide seamless advice across all stages of a project's evolution. By working collaboratively with our clients and their advisors we have helped deliver a best-in-class asset that is setting new standards for the modern workplace.

Fons van Dorst (Executive Managing Director UK at Edge) commented: “The successful refinancing of EDGE London Bridge is an important milestone for the project and reflects the market’s confidence for outstanding sustainable office developments in London. We are grateful to the entire advisory team for helping us achieve this outcome, and to BCLP for their commercial approach, deep real estate expertise and commitment throughout the process.”

The BCLP team was led by Daniel Burnand, with a deal team comprising:

• Real Estate: Tom Pounds (Senior Associate), Sally Anyon (Senior Associate), Christine Lewis-Ethelston (Senior Associate) and Rachael Mohabir (Associate)
• Construction: Thomas Haller (Partner), Sophie Broddle (Senior Associate), Ahmed El-Atrash (Trainee) and Edward Marron (Trainee)
• Planning: Sam Levy (Senior Associate) and Hannah Fraser (Associate)
• Rights of Light: Victoria Blanchard (Partner) and Jessica Hopewell (Senior Associate)