Metro Bank to fund Z Hotels

Martha Elwell Martha Elwell Uploaded 28 February 2018

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UK: Law firm Howard Kennedy has advised Metro Bank on an £18m loan to fund the purchase of an office building in Chandos Place for Z Hotels

Metro bank has provided an £18m loan to fund the purchase of an office building in Chandos Place for Z Hotels in central London.

Law firm Howard Kennedy advised Metro Bank on the loan. The Howard Kennedy team was led by partner and head of banking and asset finance Steve Clinning, with support from real estate finance associate Imran Paswal.

Metro Bank reappointed Howard Kennedy to its enlarged lending and securities panel following a review at the end of 2017.

Clinning said: "We are delighted to have been reappointed to the Metro Bank panel and to play a role in the financing of this building. Howard Kennedy has been involved for a number of years representing Santander in their funding of Z Hotels. We look forward to working alongside the Metro Bank team on future projects."

Z Hotels where represented by Memory Crystal and Simmons Muirhead & Burton.

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