Womble Bond Dickinson advises on £10m HSBC credit facility for Conroy Brook

Womble Bond Dickinson has advised HSBC UK Bank on a £10 million revolving credit facility for Conroy Brook.

The loan to the luxury homes builder will be used for residential development and property acquisitions. This will help it to complete the development of its three existing sites at Stocksmoor, Harrogate and Denby Dale, as well as purchase and develop further sites.

Multiple lawyers from Womble Bond Dickinson advised HSBC on the deal. The banking side was led by partner John Connor and solicitor Luke Addison.

Construction solicitor Sarah Wales advised on construction matters, and associates Joanne Anderson and Jonathan Yates provided advice on matters of property law.

Connor commented: “Helping our clients to support the Yorkshire economy is an important strategic goal for Womble Bond Dickinson. The facilities made available by the bank for this prominent Yorkshire developer will help to deliver much needed high-quality housing stock across this region. We are proud that our contributions ensured the successful completion of this transaction for the bank and its customer.”

Chris Kosmirak, relationship director at HSBC UK Bank, added: “We are extremely grateful for the expertise and commitment of the Womble Bond Dickinson team in delivering this transaction in a timely manner. Their experience and commercial acumen played an important role in helping us achieve the smooth completion of our first transaction with the Conroy Brook group.”

Conroy Brook director Richard Conroy added: “The Womble Bond Dickinson team were commercial and pragmatic in their approach, and were very responsive throughout the transaction, which assisted in closing the deal in good time.”