British Land: Project Silk - February 2006

Robert Hickling, Gareth Rigby and Mann Vergan advised The British Land Company PLC and subsidiary companies in connection with the £753 million refinancing of its securitised superstore portfolio. The securitisation had the effect of reducing group interest costs by £7 million per annum. The refinancing follows on from the success of the similar exercise carried out in March 2005 on British Land’s £2 billion Broadgate securitisation, upon which Mourant du Feu & Jeune also advised.