Shoosmiths advises on major land development project

Situated in the central belt of Scotland along the M8 corridor, the Heartlands development spans approximately 1,400 acres and when completed will comprise residential, business and leisure facilities.

The £12m funding will refinance and provide working capital facilities in connection with the development that aims to provide its residents with a sustainable way of living through recycling and reusing of natural resources.

Sancus is a alternative finance provider, matching the funding requirements of businesses and entrepreneurs.

The Shoosmiths team was led by senior associate and real estate finance specialist Sheelagh Cooley and banking associate Jen Paton with assistance from real estate solicitor Kieran Ogilvie and other members of the real estate and banking teams.

Andy Whelan, CEO of Sancus, said: “The commercially astute advice and dedication provided by the Shoosmiths’ team ensured the funding deal was completed within a short time frame. We look forward to working with the team again on future projects.”

Ms Cooley added: “We are extremely pleased with the pace and successful outcome of this project for Sancus and wish both parties involved the very best in their ongoing relationship.”