Ashurst has advised Carillion Construction Limited as sponsor in
relation to a further phase of the Rochdale Building Schools for
the Future (BSF) programme. This phase involved the refurbishment,
design, construction, maintenance and financing of Falinge Park
High School and Wardle High School, Rochdale. A £38 million term
loan, £3.5 million equity bridge and £700,000 debt service reserve
facilities were provided by Aviva Public Private Finance Limited.
Ashurst has previously advised Carillion Construction Limited in
relation to the first phase of
the Rochdale BSF project, which involved the design,
construction, maintenance and financing of Hollingworth Business
and Enterprise College and the design construction and maintenance
of Siddal Moor Sports College.
The Ashurst team was led by energy, transport and infrastructure partner Philip Vernon, with partner
Patrick Boyle, counsel
David Cave, associates
Yassira Zaandam, Barbara Walshe and Laura Green and trainee
solicitors Lucy Archer and Robin Watson assisting. Senior
associate David Razzell advised on real estate matters.
Maclay Murray & Spens acted as legal adviser to Aviva on the
finance documents and Appleyards was technical adviser to Aviva.
Bevan Brittan acted as legal adviser and Ernst & Young acted as
financial adviser to Rochdale Metropolitan Borough Council.