- English
-
Legal Services
Fiduciary Services
- AIFM & UCITS Management Company Services
- Accounting, Tax & Agency Services
- Commodity Pool Operator Services
- Company Secretarial & Board Support Services
- Conflict Review & Advisory Services
- Directorship Services
- Facilities Agent Services
- Permanent Office Solutions
- Power of Attorney & Proxy Agent Services
- Private Client Services
- Trustee Services
Fund Services
Regulatory & Compliance
-
Americas and Caribbean
Europe
-
PUT YOUR CAREER INTO GEAR
-
-
AI Act Set to Come into Force on 1 August 2024
02 Jul 2024The CLOser - June 2024
27 Jun 2024
Deals
Maples Advises Apache Capital on Glasgow Build-to-Rent Joint Venture
20 Apr 2021
Maples and Calder, the Maples Group's law firm, is pleased to have advised Apache Capital Partners ("Apache Capital") on the Jersey legal aspects of the debt and equity funding of its build-to-rent ("BTR") joint venture development in Glasgow.
Apache Capital and its development partner, Moda Living, purchased the Glasgow site in 2016. The scheme, known as Holland Park, will see the former Strathclyde police headquarters replaced with 433 homes for rent with an expected completion date in 2023.
Notably, this development is the fifth project funded by the BTR joint venture between Apache Capital and Harrison Street, with equity also being provided by NFU Mutual. In addition, debt funding is being provided by BentallGreenOak. Other sites being funded by the joint venture include The Lexington in Liverpool, The Mercian in Birmingham, New York Square in Leeds, and Springside in Edinburgh, representing a total of 2,322 homes.
A multi-disciplinary team based in the Group's Jersey office advised Apache Capital on this transaction and was led by Finance Partner, Mark Crichton and Associate, John Burns. The team provided Jersey corporate, finance (including Islamic finance) and funds legal advice to support the smooth closing of the transaction.
Commenting on the transaction, Mark Crichton said, "We were delighted to once again assist the team at Apache Capital. This is the largest transaction to date in the growing relationship between Apache and the Maples Group and further highlights the continuing attraction of Jersey for structuring complex real estate fund structures."
Mark Peck, Transactions and Structuring Director, Apache Capital commented: "Working with the Maples Group gives us one key partner contact across all Jersey workstreams, which greatly assists with the smooth running of complex transactions such as this."
In 2020, the Maples Group's Jersey and Dublin teams advised Apache Capital in relation to sale of office buildings at Grenville Street, Jersey.1
Related Services
Finance
Related Contacts
Related Articles
-
Deals
Maples Group Advises Drake & Scull International PJSC on Landmark Sukuk SPV Issuance
25 Jun 2024
-
Deals
Maples Group Advises on US$500 Million Fund Formation by Japan-focused Private Equity Firm
17 Jun 2024
-
Deals
Maples Group Advises IHG Hotels Resorts on Landmark Licencing of Hotel Indigo Grand Cayman
04 Jun 2024
-
Deals
Maples Group Acts as Cayman Islands Counsel on the Transfer of Ownership of Inter Milan Football Club to Oaktree
03 Jun 2024
-
Announcements
Maples Group's Global Asset Finance Team Recognised Again on Aviation Finance Deals of the Year
02 May 2024
-
Announcements
Maples Group Hires Yann Hilpert, Growing its Luxembourg Asset Finance, Fund Finance, Securitisation and Capital Markets Capabilities
02 May 2024
-
Announcements
58 Maples Group Lawyers and 16 Practice Groups Recognised in The Legal 500 EMEA 2024 Guide
29 Apr 2024
-
Announcements
Maples Group Recognised as Offshore Firm of the Year Including Six Standout Asia Deals of the Year
18 Apr 2024