Andrew D.Barker

Partner

London + 44.20.7039.5135

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Andrew Barker has 25 years of experience representing clients on a wide variety of finance transactions, principally in the real estate sector.

Andrew regularly advises on acquisition finance, investment facilities, development finance, loan portfolio acquisitions, and recapitalizations, acting for both senior and mezzanine lenders as well as equity investors.

Andrew acts for a number of the leading financial institutions and private equity funds active in European real estate finance markets.

Andrew is recommended as a leading practitioner in the Chambers UK and Legal 500 UK guides.

Experience

  • Oxford Properties acquires seven properties for £202.5 millionJones Day represented Oxford Properties advised by M7 in connection with the acquisition of a portfolio of seven properties located across the United Kingdom known as the Bow and Arrow portfolio for £202.5 million.
  • PNC leads $900 million revolving credit facility for manufacturer and supplier of products that protect health and safetyJones Day represented PNC Bank, National Association, as administrative agent, and PNC Capital Markets LLC, as joint lead arranger and joint bookrunner, in connection with a fourth amended and restated credit agreement for a manufacturer and supplier of products that protect health and safety, providing a $900 million revolving loan facility.
  • Wells Fargo provides acquisition and development facility for mixed-use development in LondonJones Day advised Wells Fargo Bank, National Association in connection with the acquisition and development facility relating to a mixed-use development in Covent Garden, London.
  • Goldman Sachs acquires Blanchardstown Centre in Dublin from BlackstoneJones Day advised Goldman Sachs in connection with the acquisition financing of the Blanchardstown Centre in Dublin from Blackstone.
  • Goldman Sachs acquires Gatehouse Bank's Thistle Build to Rent property portfolioJones Day advised Goldman Sachs Co in connection with the £150 million acquisition and financing of Gatehouse Bank‘s Thistle Build to Rent property portfolio.
  • Blackstone Real Estate Debt Strategies provides financing to Weerts Group for acquisition and development of warehouse in Bury St EdmundsJones Day represented Blackstone Real Estate Debt Strategies in connection with a senior secured facility provided to Weerts Group to finance the acquisition and development of an 870,000 sq ft warehouse at Suffolk Park in Bury St Edmunds.
  • Goldman sold iQ Student Accommodation dorms to Blackstone for £4.66 billionOn May 15, 2020, Jones Day clients Goldman Sachs Merchant Banking Division and the Wellcome Trust completed the sale of iQ Student Accommodation to Blackstone for £4.66 billion (US$5.73 billion), representing the largest ever private real estate transaction in the UK.
  • Blackstone Group provides £120 million for refinancing of One Embassy Gardens office scheme in Nine ElmsJones Day represented The Blackstone Group in connection with the £120 million refinancing with Ballymore for its One Embassy Gardens office scheme in Nine Elms.
  • Independent financial services firm sells One Poultry in LondonJones Day advised an independent financial services firm subsidiary in its sale of a special purpose vehicle which owns One Poultry, London.
  • Goldman Sachs and Greycoat finance and acquire Vintners Place from Crescent HeightsJones Day represented Goldman Sachs International in connection with the financing of the £175 million (US$228 million) acquisition by Goldman Sachs and Greycoat of Vintners Place, a commercial office property located in London, from Crescent Heights.
  • Deutsche Bank and Bank of America Merrill Lynch provide term loan facility to Felix to refinance acquisition of shopping center in Catania, SicilyJones Day represented Deutsche Bank AG, New York Branch and Bank of America Merrill Lynch International Ltd. in connection with a term loan facility provided to Felix S.r.l., a company specializing in general contractors - single family houses, used to refinance the acquisition of a shopping center located in Catania, Sicily.
  • Blackstone Group provides senior secured facility to Henderson Park for acquisition of Athene PlaceJones Day represented The Blackstone Group in connection with a senior secured facility provided to Henderson Park to finance the acquisition of Athene Place, London.
  • Blackstone provides loan facility for acquisition of CAA HouseJones Day represented Blackstone as lender and mandated lead arranger in connection with a loan facility advanced to a newly incorporated borrower for the purposes of funding the acquisition of a commercial office property located in London known as CAA House.
  • Investment banking and securities firm refinances Atlas hotel portfolioJones Day represented an investment banking and securities firm, as mezzanine lender, in connection with the refinancing of the Atlas hotel portfolio owned by London & Regional.
  • iQ Student Accommodation acquires Pure Student Living from L1 TreasuryJones Day acted for iQ Student Accommodation in relation to its acquisition of the UK focused Pure Student Living student housing property portfolio and business from LetterOne Treasury.
  • Goldman Sachs provides mezzanine credit facilities to Blackstone in connection with acquisition of SpondaJones Day represented Goldman Sachs International, as mezzanine arranger, of mezzanine credit facilities provided to Blackstone in connection with its acquisition of Sponda Oyj, a publicly-listed Finnish real estate company with an enterprise value of €3.9 billion.
  • Wells Fargo refinances large hotel portfolio located in UKJones Day represented Wells Fargo Bank, N.A., London Branch in connection with a senior loan facility arranged for a U.S. private equity sponsor refinancing a large UK hotel portfolio.
  • Greystar refinances acquisition of portfolio of residential properties in LondonJones Day represented Greystar Real Estate Partners, LLC in connection with a term loan facility provided by National Bank of Kuwait (International) Plc used to refinance the acquisition of a portfolio of residential properties in London.
  • Wells Fargo provides financing for acquisition and construction of build-to-rent scheme in UKJones Day represented Wells Fargo Bank, N.A., London Branch in connection with the acquisition and construction loan for UK build-to-rent scheme arranged for Legal & General fund.
  • Greystar obtains financing for development of purpose built student accommodation in LondonJones Day advised Greystar Real Estate Partners, LLC in connection with a development and investment term loan facility in respect of purpose built student accommodation in London.
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    November 2014 External Publications

    Trends in Development Financing, Butterworths Journal of International Banking and Financial Law

    October 2013 Jones Day Publications

    Loan to Own, Real Estate Intelligence

    September 2012 Jones Day Publications

    The Loan Market Association's Real Estate Finance Facility Agreement: A Borrower's Guide

    May 2011 Alert

    Coeur Défense: The Application of the Safeguard Procedure

    Additional Publications

    • January 2009
      Credit Crunch - Defaulting and Insolvent Lenders in today's loan market, Butterworth's Journal of International Banking and Finance Law, Vol. 24
    • December 2008
      Market disruption clauses in syndicated loan agreements, The Bulletin
    • November 2008
      Emergence of UK Sub Prime, Butterworths Journal of International Banking and Financial Law
    • July 2008
      Debt Buybacks, TheLawyer.com

    Additional Speaking Engagements

    • June 19, 2012
      Distressed Investment Opportunities and Real Estate Finance in Europe
    • November 2011
      （社）不動産証券協会セミナー：英国及びヨーロッパ市場における不動産投資
    • March 2009
      Navigating Debt Buy-backs, Commercial Loans & Security Conference
    • November 2008
      Debt Buy-backs, Debt Brief Europe 2008 Conference
    • September 2008
      Navigating Debt Buy-back Issues and Answers, 18th Annual Commercial Loans & Security Conference

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