Project Diamond - date

Robert Hickling and Gareth Rigby advised The British Land Company PLC and subsidiary companies in connection with the refinancing of the Meadowhall Shopping Centre, Sheffield.

The securitisation involved the issue of £840 million of bonds by Meadowhall Finance PLC, a newly established wholly owned subsidiary of British Land, supported by the cash flows from Meadowhall Shopping Centre.

The structure included a special purpose Jersey limited partnership as borrower.

At 30 September 2006 Meadowhall Shopping Centre was externally valued by Knight Frank at £1.62 billion.