Laxfield bolsters London team

The real estate debt specialist has lured Clifford Chance lawyer Owen Bale to its team in London.

Private real estate debt firm Laxfield Capital has bolstered its London-based team with the appointment of Owen Bale as an associate.

Bale joins from Clifford Chance, where he worked for four years in the law firm’s real estate finance practice. During his time there, he worked on senior and mezzanine debt packages, development financings, complex debt restructurings and also fund formation for real estate debt vehicles.

Adam Slater, managing director at Laxfield Capital, said in a statement: “[Owen’s] strong legal background complements the expertise of the existing team and his specialist real estate knowledge makes him well placed to uphold the high standards of advice and deal execution we offer to our clients.”

Laxfield’s recent deals include arranging a £123 million debt package provided by US insurer MetLife to support the acquisition of three student housing assets in London by an affiliate of Greystar Real Estate Partners in May. It also arranged a 20 year £200 million senior debt package for UK hotel operator Edwardian Group in December.