Walker Morris advises Evans Management on £175 million refinance

Glazed corridor Print news article

27/02/2014

Finance & Real Estate lawyers at Walker Morris have advised Evans Management on a funding deal worth £175million to assist with investment and acquisition opportunities.

The business, which is owned by Evans Property Group, agreed the refinancing package with The Royal Bank of Scotland and Barclays Bank who provided £125 million and £50 million respectively.

Based in Leeds and London the company is a long-established private property investor and developer.  The Group’s current investments include 1 Park Row in Leeds and the White Rose Shopping Centre. The funding will allow it to continue with its refurbishment projects in Leeds and extend its investments in the Forest Dean and Sherwood Forest as well as the purchase of a Dakota Hotel in Glasgow.

Jeremy Moore from the Walker Morris Team said:

“Evans Property Group is a long-standing client of the firm and we’ve been delighted to have been able to work with them on a number of transactions.  They have been a significant investor in property in Leeds and other cities and they driven investment in a number of iconic buildings.  This latest funding will enable them to continue to achieve their growth plans.”

Paul Millington, Financial Director at Evan Management commented that the package will provide “a sound platform for growth in an improving real estate market.”

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