Qatari Diar Real Estate Company, an establishment of Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, has secured GBP400 million (USD 491,880,000) in green loan financing for their London based development Chelsea Barracks.
The financing, provided by a consortium of five lenders: Credit Suisse AG, Standard Chartered Bank, Allied Irish Bank (UK), Qatar National Bank and National Bank of Kuwait, aligns with the Loan Market Association’s Green Loan Principles.
Qatari Diar legal team was led by chief legal officer Marianna Tannous (pictured).
Bryan Cave Leighton Paisner law firm has acted for Qatari Diar on this transaction. The firm has played an integral role in the Chelsea Barracks development over the past decade, providing real estate, construction, corporate structuring and tax advice as well as securing third party financing used to finance and refinance the costs of the development.
The BCLP team was led by partner Payam Yoseflavi and senior associate Benedict West (real estate finance) supported by a multidisciplinary team from Real Estate Finance, Commercial Construction, Real Estate, Tax and Structured Finance.