LAWFUEL – Legal Announcements Daily –
The deals were spread across the length and breadth of the country, ranging from Dorset in the South, Bury and Cheshire in the North West, Doncaster in Yorkshire and Redcar in the North East.
The deals were:
• Advising Barclays Bank on its investment of £30 million in a local improvement finance trust (LIFT) scheme in Bury, Greater Manchester. This investment in local Primary Care Trust facilities will benefit Bury’s 182,000 residents over the next 25 years, through the provision of new and modernised primary care facilities in partnership with the local NHS Trust and Partnership for Health (PfH). The deal extends Dickinson Dees’ national expertise in Public Private Partnership (PPP) project funding, with the firm now working on a quarter of all LIFT schemes in the UK. The team has acted for schemes across the country, from the Isles of Scilly and Cornwall to Oldham in the North West.
• Advising Nationwide Building Society on an £85 million debt facility to fund a major housing project in the North West, which will provide 350 new homes for elderly residents.
The housing project, planned for five different sites in Cheshire, covers not only the
construction of the houses, but also the provision of extra care services for residents such as meal provision and 24/7 support.
• Advising Nationwide Building Society on a £65 million PFI project investment in the Dorset Emergency Services Partnership Initiative between the Fire and Rescue Service and the Police Service. The project will deliver a new joint police divisional and fire area headquarters, an additional fire service area headquarters and two new fire stations. All new facilities are expected to be operational in the next couple of years.
• Acting for Barclays in the lending of £22m to the private sector led consortium for the provision of four primary health care facilities in the Doncaster region for Doncaster LIFT (local improvement finance trust)
• Advising Allied Irish Bank Capital Markets on the provision of a £23 million debt facility for a street-lighting PFI project in Redcar. The street-lighting project will be run by David Webster Ltd, the UK’s largest specialist street light contractor and specialist subsidiary of French building contractor Bouygues Construction Group. The programme will see the provision of essential infrastructure in the local area and is expected to take five to six years to complete.
Russell Jarvis commented: “It has been an incredibly busy couple of months, to say the least. The deals completed represent a fantastic achievement for all of the teams involved from departments across the firm and I would like to thank everyone who has worked together with me on them. The successful completion of each of these projects underlines Dickinson Dees’ comprehensive service and national reputation across a number of disciplines and sectors in different parts of the country.”
