LONDON – Global law firm Reed Smith has advised the property investment management and development company Commercial Estates Group (CEG) on a £73m sustainable transition loan agreement with Aviva Investors.
Glass exterior of buildings

The funds will be used by CEG to refinance a portfolio of six regional office assets, as well to part-fund the development of Globe Point, a state-of-the-art seven story office building in Leeds.

The legal team advising CEG included London Real Estate partner Nick Harris, counsel Kalvinder Sangha, and senior associate Daniel Ellison.

Harris said: “We are delighted to have supported CEG in the structuring and execution of this loan, dealing with assets from across the country.  It is particularly exciting to see work commencing on Globe Point and the development of the new Temple district in central Leeds coming forwards.”