Fitzroy House: Paul Hastings Assists in Major Refinancing Deal
Deal News | Apr 04, 2025 | Paul Hastings
In a strategic refinancing move, Paul Hastings LLP, a renowned law firm recognized globally for its elite teams and superior execution, advised DRC Savills Investment Management. This advisory role consisted of a multi-tranche loan refinancing and capital expenditure (capex) facility agreement to facilitate the acquisition, financing, and redevelopment of Fitzroy House. This prime freehold office located in London's West End is the focus of the investment, spearheaded by DRC Savills Investment Management's new Pan-European Whole Loan Fund. This fund specifically targets loans for top-tier sponsors engaging in acquisitions and capital-expenditure-driven property enhancement projects across Europe. The Paul Hastings team, led by Partners Miles Flynn and Rehan Hanif and supported by Associate Solomon Olukoya and Senior Paralegal Angela Morgan, handled all transaction elements, including the facility agreement, finance documents, and real estate due diligence.
Sectors
- Legal Services
- Real Estate Investment
- Finance
Geography
- United Kingdom – The geographical focus of the investment is Fitzroy House, located in London's West End.
- Europe – The Pan-European Whole Loan Fund by DRC Savills seeks to invest in real estate across Europe, indicating a continental geographical focus.
Industry
- Legal Services – The article discusses the involvement of a law firm, Paul Hastings, in providing legal advisory services for the refinancing and capex facility transaction.
- Real Estate Investment – The transaction involves the acquisition and redevelopment of a prime office building, indicating the sector focus on real estate investments.
- Finance – The article focuses on financing arrangements and investment management, particularly in relation to loan refinancing.
Financials
- Not specified – Specific financial details of the refinancing and capex facility have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Companies | A premier law firm engaged as the legal advisor for the refinancing and capex facility transaction. |
| DRC Savills Investment Management LLP | Lender/Investor | Companies | An investment management company using its Pan-European Whole Loan Fund to support real estate acquisitions. |
| Miles Flynn | Partner | People | Partner at Paul Hastings, leading the advisory team for this transaction. |
| Rehan Hanif | Partner | People | Partner at Paul Hastings, leading the advisory team for this transaction. |
| Solomon Olukoya | Associate | People | Associate at Paul Hastings involved in the transaction. |
| Angela Morgan | Senior Paralegal | People | Senior Paralegal at Paul Hastings involved in the transaction. |