Value: >£500 million
Funders: Lloyds Banking Group
Deal Type: Long term funding agreement
Partners of ASA advised Verdion Properties LLP on a long term and strategic funding partnership with the Healthcare of Ontario Pension Plan (HOOP), a Canadian based pension fund. This includes the development by Verdion and funding by HOOPP of a major development at Rossington, near Doncaster, involving a combined transport and logistics hub – the “iPort”. In addition to funding projects in the United Kingdom the funding partnership with HOOPP will see Verdion sourcing and developing build-to-suit projects for logistics operators throughout Europe over a five year period.
The Partners of ASA continue to advise Verdion on the implementation and structuring of new projects.