Andrew D.Barker

Partner

(T) 44.20.7039.5135

Andrew Barker has more than 20 years of experience representing clients on a wide variety of finance transactions, principally in the real estate sector.

Andrew regularly advises in respect of acquisition finance, investment facilities, construction loans, loan portfolio acquisitions, and recapitalizations, acting for both senior and mezzanine lenders, as well as equity investors.

Recent transactions have included advising the mezzanine creditors in the financing of Blackstone's €3.3 billion acquisition of IVG's portfolio of German offices and representing iQSA, a student housing business owned by Goldman Sachs and the Wellcome Trust, in the £1.3 billion financing of its UK portfolio.

Andrew acts for a number of the leading financial institutions and private equity funds active in European real estate finance markets.

Andrew is recommended as a leading practitioner in the Chambers UK and Legal 500 UK guides.

Experience

  • Independent financial services firm sells One Poultry in LondonJones Day advised an independent financial services firm subsidiary in its sale of a special purpose vehicle which owns One Poultry, London.
  • Goldman Sachs and Greycoat finance and acquire Vintners Place from Crescent HeightsJones Day represented Goldman Sachs International in connection with the financing of the £175 million (US$228 million) acquisition by Goldman Sachs and Greycoat of Vintners Place, a commercial office property located in London, from Crescent Heights.
  • Deutsche Bank and Bank of America Merrill Lynch provide term loan facility to Felix to refinance acquisition of shopping center in Catania, SicilyJones Day represented Deutsche Bank AG, New York Branch and Bank of America Merrill Lynch International Ltd. in connection with a term loan facility provided to Felix S.r.l., a company specializing in general contractors - single family houses, used to refinance the acquisition of a shopping center located in Catania, Sicily.
  • Blackstone Group provides senior secured facility to Henderson Park for acquisition of Athene PlaceJones Day represented The Blackstone Group in connection with a senior secured facility provided to Henderson Park to finance the acquisition of Athene Place, London.
  • Blackstone provides loan facility for acquisition of CAA HouseJones Day represented Blackstone as lender and mandated lead arranger in connection with a loan facility advanced to a newly incorporated borrower for the purposes of funding the acquisition of a commercial office property located in London known as CAA House.
  • Investment banking and securities firm refinances Atlas hotel portfolioJones Day represented an investment banking and securities firm, as mezzanine lender, in connection with the refinancing of the Atlas hotel portfolio owned by London & Regional.
  • iQ Student Accommodation acquires Pure Student Living from L1 TreasuryJones Day acted for iQ Student Accommodation in relation to its acquisition of the UK focused Pure Student Living student housing property portfolio and business from LetterOne Treasury.
  • Goldman Sachs provides mezzanine credit facilities to Blackstone in connection with acquisition of SpondaJones Day represented Goldman Sachs International, as mezzanine arranger, of mezzanine credit facilities provided to Blackstone in connection with its acquisition of Sponda Oyj, a publicly-listed Finnish real estate company with an enterprise value of €3.9 billion.
  • Wells Fargo refinances large hotel portfolio located in UKJones Day represented Wells Fargo Bank, N.A., London Branch in connection with a senior loan facility arranged for a U.S. private equity sponsor refinancing a large UK hotel portfolio.
  • Greystar refinances acquisition of portfolio of residential properties in LondonJones Day represented Greystar Real Estate Partners, LLC in connection with a term loan facility provided by National Bank of Kuwait (International) Plc used to refinance the acquisition of a portfolio of residential properties in London.
  • Wells Fargo provides financing for acquisition and construction of build-to-rent scheme in UKJones Day represented Wells Fargo Bank, N.A., London Branch in connection with the acquisition and construction loan for UK build-to-rent scheme arranged for Legal & General fund.
  • Greystar obtains financing for development of purpose built student accommodation in LondonJones Day advised Greystar Real Estate Partners, LLC in connection with a development and investment term loan facility in respect of purpose built student accommodation in London.
  • Blackstone Group provides €70 million secured credit facility to private equity investor for acquisition of business park in BrusselsJones Day represented The Blackstone Group in connection with a €70 million (US$81 million) secured facility agreement provided to a private equity investor to finance the acquisition of a business park located in Brussels.
  • iQ Student Accommodation refinances student housing portfoliosJones Day advised iQ Student Accommodation, a joint venture between Goldman Sachs and The Wellcome Trust, in connection with the £622 million (US$796 million) refinancing of a UK student housing portfolio.
  • Wells Fargo provides construction financing for build-to-rent scheme in UKJones Day advised Wells Fargo Bank, N.A., London Branch in connection with a development facility for a UK build-to-rent scheme for Legal & General.
  • Goldman Sachs provides financing to Blackstone for acquisition of IVG office portfolioJones Day represented Goldman Sachs International, as mezzanine arranger, in connection with Blackstone's €3.3 billion (US$3.6 billion) acquisition of the IVG office portfolio.
  • Antirion SGR acquires 50 percent interest in Principal PlaceJones Day advised Antirion SGR S.p.A. in its acquisition of a 50 percent interest in Principal Place Commercial Limited, a Luxembourg resident SPV wholly owned by Brookfield Property Partners.
  • iQ Student Accommodation refinances Westbourne student housing portfolioJones Day advised iQ Student Accommodation, a joint venture between Goldman Sachs and The Wellcome Trust, in the £305 million (US$388 million) refinancing of the Westbourne student housing portfolio.
  • PW Real Estate Fund III completes £323.3 million (US$419.4 million) cash offer for Pinewood GroupJones Day advised PW Real Estate Fund III, LP, which was advised by Aermont Capital LLP, in relation to the £323.3 million (US$419.4 million) cash offer for the entire issued share capital of Pinewood Group plc, the AIM listed company which owns the Pinewood Studios business.
  • Wells Fargo provides £184 million financing for acquisition of portfolio of UK retail propertiesJones Day represented Wells Fargo Bank, N.A., London Branch, as arranger, agent, and original lender, in connection with a £184 million (US$234.4 million) syndicated term loan facility provided to a U.S. private equity buyer to finance the acquisition of a portfolio of 64 properties leased to a leading UK retailer.
  • Additional Publications

    • January 2009Credit Crunch - Defaulting and Insolvent Lenders in today's loan market, Butterworth's Journal of International Banking and Finance Law, Vol. 24
    • December 2008Market disruption clauses in syndicated loan agreements, The Bulletin
    • November 2008Emergence of UK Sub Prime, Butterworths Journal of International Banking and Financial Law
    • July 2008Debt Buybacks, TheLawyer.com

    Speaking Engagements

    • June 19, 2012
      Distressed Investment Opportunities and Real Estate Finance in Europe
    • November 2011
      (社)不動産証券協会セミナー:英国及びヨーロッパ市場における不動産投資
    • March 2009
      Navigating Debt Buy-backs, Commercial Loans & Security Conference
    • November 2008
      Debt Buy-backs, Debt Brief Europe 2008 Conference
    • September 2008
      Navigating Debt Buy-back Issues and Answers, 18th Annual Commercial Loans & Security Conference
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