Dentons advises Värde Partners on the refinancing of one of the largest fulfilment centres in the UK

London/Scotland—Dentons has advised global investment firm Värde Partners in its role as lender and arranger on the £35 million refinancing of a 1 million+ square foot logistics centre located in Dunfermline, Scotland.

The borrower is a client of Knight Frank Investment Management (KFIM), who act as asset manager on its behalf. The financing also involved Trimont Europe Limited as both agent and security agent.
The transaction refinances the borrower’s existing financing arrangements for the fulfilment centre, and continues Värde’s strategic investment in high-quality assets across the UK.

London-based Banking and Finance partner Joe Byron Evans, who co-led the transaction, said: “This transaction supports the continued development and operation of one of the largest, and most strategically important, fulfilment centres in the UK and reflects continued investor confidence in the UK logistics sector.  We are pleased to have advised Värde in multiple specialisms across both England and Scotland, and look forward to continuing supporting them on this and other financings.”

The Dentons team was led by Banking and Finance partners Joe Byron Evans and James Ingham in London, with support from associates Kirsty Shepherd and Imogen Beaver, and paralegal Joe Hunt.

In Scotland, the Banking and Finance team comprised partner Kirsty McBirnie and associate Haleemah Ahmed, with critical support from partner Brian Hutcheson and senior associate Lauren Fowler in the Real Estate team and partner Mark Macaulay and associate Olivia Malek in the Construction team.