London – LAWFUEL – Legal News Network – DLA Piper has assisted existing client Delancey in the successful financing of the Dickins and Jones flagship store on Regent Street.
The financing arrangements agreed with Deutsche Postbank AG have resulted in a commitment to lend in excess of £100 million for the redevelopment phase.
The financing deal was a critical step in allowing the former Dickins and Jones site to be divided into four smaller retail units. Leases have already been agreed with four major retailers.
Paul Jayson, a real estate partner commented: “This has been a challenging and complicated deal relating to a high profile asset. We hope to continue to be involved in this exciting redevelopment project.”
Finance and projects partner, Mark Phillips and solicitor, Lorraine Clover were also involved in this deal.