British private and merchant bank Arbuthnot Latham & Co Limited has recently provided four loans totalling £10.8 million to leasing real estate investor, Sienna Real Estate Limited.
Advising Arbuthnot Latham on the transactions were Chris Johnston, head of the Real Estate finance team in Manchester and Jordan Clarke, associate in Hill Dickinson’s Banking and Finance team.
The loans will support Sienna Real Estate’s purchase of additional commercial properties.
It was essential to Sienna Real Estate that their bank, Arbuthnot Latham, could act quickly to complete the loan agreements for the property portfolio investments they planned to make. We were delighted to advise Arbuthnot Latham on the legal and property aspects each of the four transactions, and to do so at pace, so that all target completion dates were successfully met.Jordan Clarke
Associate, Hill Dickinson
Sienna Real Estate was founded in 2012 by Vinod Kakkar with a primary focus on commercial and residential property investment.
The loans have funded the purchase, variously, of a mixed-use property in Kingston, a retail warehouse in Darlington, a parade of four shops in Canterbury and to support the new build of eight self-contained residential flats in Staines-upon-Thames.