DLA Piper has successfully advised Carlyle on the refinancing of its flexible office portfolio in central London, branded as Uncommon. This portfolio includes five strategically located, carbon-negative sites that provide flexible workspaces, meeting rooms, and event spaces for businesses.

The refinancing deal comprises a £120 million senior facility from Société Générale and a £35 million mezzanine facility from Deva Capital. The transaction was led by DLA Piper partners Bonnie Calnan (Real Estate) and Toby Barker (Finance), supported by a diverse team of experts across various disciplines.

Toby Barker emphasized that this refinancing will enable Carlyle to enhance the Uncommon brand, adapting to the evolving needs of the modern workforce. He noted that the collaboration among the international team was crucial in managing the complexities of the deal, highlighting DLA Piper's commitment to fostering sustainable and innovative workspaces.

Bonnie Calnan expressed pride in partnering with Carlyle on this significant transaction. She acknowledged the importance of assembling a dedicated team from multiple offices to provide seamless legal counsel, which is a hallmark of DLA Piper's service. Calnan also conveyed enthusiasm for continuing to support Carlyle in achieving its ambitious goals in the future.