Media release: KCL Law advises Monark on senior debt facility for large commercial site in CollingwoodJul 2, 2019
KCL Law’s Banking and Finance team recently advised Monark Property Partners on the senior debt facility to assist with settlement of a large commercial development site in Collingwood.
The property recently achieved approval allowing for construction of a high-end commercial office building to commence, which will be brought to the market in 2020.
The transaction was led by Ilan Kraus, Partner and Head of Banking and Finance, and supported by Alex Garfinkel, Associate, and other team members.
Ilan Kraus commented on the transaction: "Many of our clients are keen to retain an exposure to the commercial office market, which in their view, provides stable risk-adjusted returns in the current market. We were delighted to have assisted Monark on this transaction".
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