Some development funding transactions handled by Legat Corbishley.

Waterloo Travelodge
A direct development on behalf of a private property company client of a 284 bedroom hotel, pre-let to Travelodge for a term of 35 years.

Total development commitment £36m.

Heathrow Travelodge
New hotel development comprising 307 en-suite bedrooms, café, bar and restaurant facilities and 140 car parking spaces.

The scheme was pre-let to Travelodge on a new 35 year with 5 yearly RPI increases.

Acquired on behalf of a private investment company - the forward commitment was circa £38.5m.

Plot 4500, Magna Park
Pre-let development of 20,903 sq. m (225,000 sq.ft) warehouse on England's premier distribution park.

Total commitment circa £17m.

Virgin Active
Health and fitness club development pre-let on a 35 year lease to Virgin Active.

Forward purchase for a private property company for circa £8m.