WBD has advised HSBC UK Bank plc on a £10 million Revolving Credit Facility to the Conroy Brook group of luxury homes housebuilders.
The loan, which may be used for the purpose of residential development and property acquisitions, will enable the group to complete the development of its three existing sites at Stocksmoor, Harrogate, and Denby Dale as well as purchase and develop future sites.
Founded in 1996, Conroy Brook bought together two established housebuilding families led by by Ivan Conroy and Martin Brook, with the intention of forming a company to focus specifically on high quality, low volume family housing across Yorkshire.
A multidisciplinary team of lawyers from WBD advised on the deal, which was led on the banking side by partner John Connor (Picture) and solicitor Luke Addison. Construction solicitor Sarah Wales advised the Bank in relation to construction matters, and associates Joanne Anderson and Jonathan Yates provided advice on matters of property law.
Involved fees earner: Luke Addison – Womble Bond Dickinson; Joanne Anderson – Womble Bond Dickinson; John Connor – Womble Bond Dickinson; Sarah Wales – Womble Bond Dickinson; Jonathan Yates – Womble Bond Dickinson;
Law Firms: Womble Bond Dickinson;
Clients: HSBC UK Bank plc;