The Hoo: A Complex £11m Refinance for a Grade II Listed Property Development

BBS Law, represented by partner Avi Barr and Managing Associate Leona Ho, successfully advised on a complex £11 million refinance deal for ‘The Hoo’, a Grade II listed property in Hampstead’s Belsize Park. The successful refinance will enable the development of three luxurious self-contained units: the Main House, the Annex, and the Lodge, each offering unique features and high-end specifications.

This case highlights our firm’s expertise in handling intricate property transactions involving historic buildings and stringent planning requirements. 

Key aspects of the case:

1. Property: Grade II listed building in Belsize Park, Hampstead
2. Purchase price: £5.5 million at auction in 2019
3. Refinance amount: £11 million development loan
4. Purpose: Conversion into three high-end residential units
5. Challenges: Listed status, conservation area restrictions, complex planning requirements

Avi Barr commented, “Our team worked diligently to complete the transaction within a tight timeframe, collaborating closely with West One Loans, Empire Global Finance, and other stakeholders. This case demonstrates BBS Law’s ability to handle high-value, time-sensitive deals involving historic properties.  At BBS Law, we pride ourselves on our ability to provide expert legal advice in complex property transactions. The successful completion of ‘The Hoo’ refinance showcases our team’s dedication, expertise, and commitment to achieving optimal outcomes for our clients, even in the most challenging circumstances.”

This case study exemplifies BBS Law’s capabilities in handling sophisticated commercial property refinance deals, particularly those involving listed buildings and complex planning requirements in prime London locations.