Walker Morris team advises on refinance for Blackshaw Holdings

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Walker Morris lawyers have advised property company, Blackshaw Holdings, on the refinancing of its 500-unit strong property portfolio.

The £15 million funding agreement with Lloyds Bank Commercial Banking will be used to partly refinance an existing loan agreement, with the remainder refinanced from the disposal of selected assets.

Blackshaw, which was set-up in 1979 by Associated Waste Management founder, John Brooksbank, has a portfolio which includes a mix of commercial, residential, mixed-use and leisure properties across Yorkshire.

Mr Brooksbank said:

“This is an important agreement for our business. We have streamlined our debt position and also our portfolio which together has given us much greater flexibility for the future.

 “Lloyds Bank’s team worked hard to structure a deal that has allowed us to exit our legacy commitments and establish a platform for renewed growth and investment.”

Walker Morris fielded a multidisciplinary team to complete the deal comprising Michael Taylor, Laura Demaine, Laith Bader.

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