Dentons has advised Lloyds Bank plc on circa £175 million of senior real estate finance investment facilities to a special purpose vehicle within the Chen group of companies to acquire 5 Churchill Place in London's Canary Wharf. Mezzanine debt was provided by a large international multi-profile business conglomerate.

Dentons acted for Lloyds Bank plc as agent, arranger, bookrunner, senior lender, original hedge counterparty and security agent. 5 Churchill Place was acquired by the borrower group from Saïd Holdings and comprises circa 319,000 sq ft (29,600 sq m) arranged over 12 floors. JP Morgan is the lead tenant, renting ten of the building’s twelve floors, and Time Inc., American Express, Cision Gorkana and Balfour Beatty also have offices in the building.

Commenting on the deal, Dentons Banking and Finance partner James Irvine said, "We are delighted to have advised our key client Lloyds Bank plc on the financing of this significant asset, a transaction which demonstrates the continued international appetite for investment in the prime London office market."

The Dentons team was led by Banking and Finance partner James Irvine and Real Estate partner Simon Masri, with additional support from Banking and Finance senior associate Adam Jones and counsel Richard Williams and Real Estate associates Laura Gowing and Henna Jooma.