Trowers & Hamlins advises AHH on £60m loan for development of retirement living schemes
International law firm Trowers & Hamlins has advised Affordable Housing & Healthcare Group (AHH) on a £60m loan from OakNorth to fund the development of three new affordable retirement living schemes in Wiltshire, Dorset and Somerset.
The sites have over 400 units between them and will be built with a range of communal facilities and services including: a convenience store, hair salon, treatment rooms, fitness and activity suite, bistro/bar, private lounge and dining room and a dedicated lifestyle management team providing care and wellbeing services.
AHH is a UK-based developer of housing and healthcare infrastructure. With 20 years of expertise in development, operations and economic infrastructure, AHH partners with government bodies to develop sustainable communities and is the only infrastructure group in the UK capable of delivering end-to-end solutions and are unique in partnering with an NHS Foundation Trust to deliver affordable retirement housing.
OakNorth Bank is a UK bank for small and medium sized companies that provides business and property loans. Its loans have supported the development of 9,500 homes and creation of 11,000 jobs in the UK.
The multidisciplinary Trowers team brought together expertise across the banking, corporate and real estate teams. Eddie O'Hanrahan led the banking team comprising Jonathan Grosvenor and Marianna Tavella; Tim Nye and Sarah-Jane Purser managed the corporate team with Sam Folley and Samir Nathwani running the property aspects.