BCLP advises NatWest on financing facility for build-to-rent portfolio acquisition

International law firm BCLP has advised National Westminster Bank, as a lender, on a facility provided to a joint venture between GREYKITE European Real Estate Fund and Gatehouse Investment Management branded Uniqhomes. The funds will be used to finance and refinance the acquisition of assets within the Uniqhomes portfolio of over 1,000 single-family rental homes across 26 sites throughout England.

Payam Yoseflavi, Partner for Real Estate Finance at BCLP, commented, “We are delighted to have supported NatWest on their latest financing in the single-family rental space. NatWest’s continued support for this sub-sector plays a key role in providing new homes and alleviating the UK's fundamental housing shortage. We look forward to continuing to support them on this strategy.”

The BCLP team was led by Partner Payam Yoseflavi, supported by Leticia Pinamang, Victoria Kearsey, and Milan Szvatko (Real Estate Finance). Kristina Middleton led on the real estate elements, Giles Pink on planning, and Andy West on tax. Additionally, Ambroise Foerster and Jordan Reinert both provided support on the Luxembourg aspects.

Appleby advised NatWest on the Jersey elements.