RAD CHP Limited in Refinancing of Royal Albert Docks

Cleary Gottlieb advised RAD CHP Limited on its £113 million development financing provided by Firma Partners to support the transformation of the Royal Albert Docks in London into purpose-built student accommodation.

With the financing now in place, completion of the development is expected in the third quarter of 2027.

The Royal Albert Dock redevelopment represents one of London’s most significant regeneration opportunities, comprising a 12-hectare (30-acre) site with approximately 400,000 square meters of development potential and an estimated gross development value of around £3 billion.

The Cleary real estate team included partner Stephen Nicolas, real estate attorney Kirsty Coventry, and associate Shivani Bajpai. Partner Richard Sultman advised on tax matters. Partner Alexander van der Gaag and associates Jack Dryden and Harry Renshaw advised on financing matters.