Bedell Cristin lawyers advise on the financing of a major commercial property transaction in Guernsey

Leading offshore law firm Bedell Cristin has advised The Royal Bank of Scotland International Limited in connection with loan facilities made available to the Channel Islands Property Fund Limited, for its acquisition of one of Guernsey’s premier commercial properties.

The team provided Guernsey and Jersey law advice in connection with the financing of the acquisition by the Fund of Royal Chambers and the Rotunda. The transaction also involved a refinancing of the existing facility to the Fund, the portfolio of which comprises high-end commercial properties in Guernsey, Jersey, and the Isle of Man. The Bedell Cristin team was led by Guernsey partner, Kate Ovenden and Jersey partner, Tim Pearce, assisted by senior associates Ann Halliday and Antony Clerehugh and associates Marc Piano and Kellie Oliveira.

Kate Ovenden commented on the deal: “We were delighted to be able to assist the Royal Bank of Scotland International with the successful delivery of this latest transaction for the Channel Islands Property Fund Limited. Our continued instruction by the Bank in these matters is testament to our ability to provide market-leading, robust and commercial finance and property advice across our different jurisdictions.”