Leeds City Region Revolving Investment Fund’s to develop a regional shopping centre

Squire Patton Boggs has advised Leeds City Region Revolving Investment Fund (RIF) in providing loans to the developer behind the Axiom regional shopping centre, which will be located directly off Junction 32 of the M62 motorway in the centre of Yorkshire, England’s largest county.

With all pre-commencement infrastructure works complete, the 106 acre site is now ready for construction of a retail and leisure destination, comprising more than 75 retail, restaurant and leisure units, together with a 10,000 capacity community stadium, which will become the new home of Castleford Tigers RLFC. The construction contract for Axiom is expected to be in the region of £160 million and the project received planning permission in September 2015.

The Squire Patton Boggs team was led by Financial Services partner Matthew Ingram (picture) and included Financial Services associate James Washington and Real Estate partner Andrew Sprake.

Structured as a limited partnership with the local authorities in Leeds, Bradford, Wakefield, Kirklees, York, Harrogate and Calderdale as the limited partners, the Leeds City Region RIF was established by a Squire Patton Boggs team led by partners Matthew Ingram in Financial Services, Richard Hunt in Corporate and Mark Simpson in Tax Strategy & Benefits. The Leeds City Region RIF is designed to provide funding for commercially viable, private-sector led, infrastructure and construction projects in the Leeds City Region.

Involved fees earner: Matthew Ingram – Squire Patton Boggs; James Washington – Squire Patton Boggs; Andrew Sprake – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: Leeds City Region Revolving Investment Fund (RIF) ;