Partner Article

Newcastle’s Lugano Group lands multi-million pound corporate refinance

North East property developer, The Lugano Group has recently undergone a multi-million pound corporate refinance, enabling it to continue supporting acquisitions across the region.

The Newcastle-based business instructed law firm Mincoffs Solicitors, also hailing from the city, to oversee the transaction.

One of the largest investment and development businesses in the North East, with a land and property bank in excess of £120m, The Lugano Group boasts properties from Northumberland down to Staffordshire.

Assets include the Kensington House Aparthotel and the former Gresham Hotel in Jesmond, Newcastle, properties at High Bridge and Gallowgate in Newcastle City Centre, Moongate House on Team Valley and the 2,500 acres Dissington Estate in Northumberland.

The Corporate and Real Estate teams at Mincoffs Solicitors advised the Lugano Group on this deal. Partner Paul Hughes, who heads Mincoffs’ specialist banking and finance team, assisted by solicitor Chris Hughes, carried out the secured lending work. Mincoffs’ Real Estate Team, led by Partner Ryan Bannon handled the real estate aspects for the Lugano Group.

Richard Robson, Chairman of the Lugano Group said: “We are thrilled to have completed this major transaction which will underpin our future growth and expansion plans. Mincoffs have played a critical role in advising and supporting us in this deal and they are an important and valued partner in delivering many of our projects.”

Paul Hughes, Partner in the Banking and Finance team at Mincoffs Solicitors said: “We have worked with The Lugano Group for many years and are very pleased to have played a key role in securing this new funding deal which will enable them to continue with their ambitious growth plans.”

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