
Richard Semple
Partner
Richard Semple focuses his practice on real estate finance transactions, acting for a wide range of clients.
Richard advises on all aspects and at all stages of domestic and cross-border real estate finance transactions, involving all real estate asset types and classes (offices, residences, student accommodation, hotels, holiday parks, healthcare properties, logistics warehouses, data centres, portfolios of loans secured by real estate, etc.), in all respects (origination, acquisition, lending, borrowing, syndication, securitisation, asset management, amendment, consent, waiver, refinancing, disposal, distress, special situations, restructuring, etc.).
Key Matters
Some of the experience represented below may have been handled at a previous firm.
Richard has acted for an array of both lender and sponsor / borrower clients, including Ares Management, Bain Capital Credit, Barclays, BentallGreenOak, Crédit Agricole, Deva Capital, Deutsche Bank, Fidelity International, Four Seasons Hotels and Resorts, GLP Europe (now known as Marq Logistics), HSBC, Hudson Advisors, LaSalle Investment Management, Lone Star Funds, Martley Capital Group, Meadow Partners, Medical Properties Trust, PGIM Real Estate, RoundShield Partners, Santander and TPG Angelo Gordon on real estate finance transactions such as the following:
- the £1.6 billion financing of a £2.3 billion acquisition of a portfolio of performing, sub- and non-performing English and Scottish residential mortgage loans and English and Scottish properties and the contemporaneous back-to-back sales of certain of those performing loans;
- the €1.28 billion financing of a €2.4 billion acquisition of a state-owned “bad bank” (and thereby the acquisition of a portfolio of performing, sub- and non-performing loans secured by real estate and a portfolio of properties, in each case across several European countries) and the contemporaneous back-to-back sale of certain of those performing loans;
- the €1.1 billion financing of a €2.4 billion acquisition of a UK and European logistics business;
- the £1.05 billion financing of a £1.16 billion acquisition of a UK healthcare provider;
- the €805 million senior and €130 million mezzanine financings of an acquisition of a Paris office property (being the largest, by available floor space, such building in Europe);
- the €761 million financing of a €1.17 billion acquisition of a portfolio of non-performing Austrian, Belgian, Czech, Dutch, Hungarian, Luxembourg, Romanian, Slovakian, Swiss and Turkish loans secured by real estate;
- the £632 million financing of a portfolio of UK healthcare properties;
- the €525,000,000 million financing of the construction and development of a hotel in Spain;
- the £395 million financing of the construction and development of adjacent retail, leisure and residential properties (those retail properties altogether constituting the largest open-air shopping centre in the UK);
- the €330 million senior and €85 million mezzanine financings of a portfolio of Irish office properties;
- the £300 million financing of a portfolio of English, French, German and Italian logistics properties;
- the €268 million financing of a €432 million acquisition of a portfolio of non-performing Greek loans secured by real estate;
- the £262 million financing of the construction and development of a portfolio of English, French and German logistics properties;
- the €242 million financing of a €316 million acquisition of a portfolio of Austrian, Dutch, Finnish and German office properties;
- the £221 million financing of an acquisition of a portfolio of English and Welsh student accommodation properties;
- the €209 million senior and €48 million mezzanine financings of a portfolio of Belgian office properties;
- the £185 million senior and £50 million mezzanine financings of an acquisition of a portfolio of English student accommodation properties;
- the £178 million financing of the redevelopment of a London office property;
- the €173 million financing of the construction and development of a data centre in Germany;
- the £155 million financing of the construction and development of two London serviced apartments properties;
- the €134 million financing of a €212 million acquisition of a portfolio of Portuguese properties and non-performing loans secured by real estate;
- the €124 million financing of a €183 million acquisition of several portfolios of Italian non-performing loans secured by real estate;
- the £120 million senior and £35 million mezzanine financings of a portfolio of London office properties; and
- the vendor financing of a €602 million acquisition of a portfolio of Spanish commercial and residential properties.