Bedell Cristin advises on the financing of the acquisition of Valley House

Leading offshore law firm, Bedell Cristin has again acted as lead counsel to The Royal Bank of Scotland International Limited in connection with finance made available to the Channel Islands Property Fund Limited for the acquisition of commercial premises at Valley House, St Peter Port.

The Bedell Cristin team was led by Guernsey managing partner, Kate Ovenden, assisted by Ann Halliday, counsel and Jennifer Mills, legal assistant, and Jersey-based global managing partner, Tim Pearce, assisted by Antony Clerehugh, senior associate and Donna Watts, legal assistant.

Kate Ovenden commented: "We were delighted to be able to assist RBSI with the successful delivery of this latest transaction for the Channel Islands Property Fund Limited, which demonstrates not only the buoyancy in the local commercial property market but also that good-quality office accommodation is still an attractive asset class for investors."

Simon Chandler, Director of Real Estate Finance, RBSI added: "Once again we have successfully closed financing for the Channel Islands Property Fund Limited, demonstrating our ability to field a team of talented professionals across the Channel Islands to provide premier real estate finance solutions for our customers."