Philip Gore

Philip Gore

Banking Partner, London

“I have over 10 years’ experience in real estate finance, and have worked on a wide range of property transactions throughout the UK and Europe, both lender-side (representing senior and mezzanine lenders) and sponsor-side. My practice is underpinned by a deep market knowledge and highly commercial approach.”

Overview

Professional experience

Education and qualifications

Overview

Phil specialises in real estate finance, with a particular focus on development and highly-levered, structured transactions. 

Phil advises lenders (including banks and funds) and borrowers on all types of UK and cross-border real estate finance transactions, and has acted on highly complex, structured portfolio financings and restructurings. Phil spent a year on secondment at M&G Investments in 2016 sitting with the Real Estate Finance team.

Work highlights

Phil has been the lead advisor for his clients on a number of major transactions, including:

  • A sovereign fund: advising the junior lender in respect of a €385m mezzanine financing for the acquisition of a large portfolio of Spanish residential properties.
  • Permodalan Nasional Berhad and Employees Provident Fund (Malaysia): advising the sponsors on the £1.1bn ‘phase 2’ development financing of the iconic Battersea Power Station.
  • M&G: advising the lenders in relation to a £297m (senior and mezzanine) investment and acquisition facility secured on a portfolio of properties in Mayfair.
  • A large superannuation fund: advising on the £280m construction financing of the One Crown Place development in the City of London.
  • Steinhoff: advising the company in relation to the distressed restructuring of its propco group financing.
  • A syndicate of UK Banks: advising a syndicate of lenders on a £600m financing for a major department store.
  • Wells Fargo: advising on a £106m development financing facility for the construction of six student accommodation halls throughout the UK for a major student accommodation provider.

Professional experience

Phil regularly presents at Loan Market Association (LMA) events on the subject of real estate finance documentation and terms.

Education and qualifications

Phil studied law at the University of Birmingham.