Burges Salmon advises on restoration and EV charging deals
Burges Salmon has advised Blackfinch Property (Blackfinch) on a £4.4 million loan to fund the acquisition and restoration of a large area of land in Dumfries and Galloway.
Blackfinch are investment specialists covering tax-efficient solutions, early-stage investing, managed portfolio services and property financing.
Previously used for livestock, the 650 hectare site in Dumfries and Galloway will now be utilised for commercial forestry, producing sustainable building materials and contributing towards the government’s plan for future woodland expansion to cover 21 per cent of Scotland by 2032.
The Burges Salmon team advising on the deal was led by directors Amy McVey and Paul Clark, alongside senior associate Sarah Stewart, solicitor Emily Cranston and paralegal Kerry McGee.
Mr Clark said: “We are pleased to have been able to support Blackfinch through this transaction. The money will be used to create local job opportunities, while improving air and soil quality, reducing flood risk and increasing biodiversity.”
The firm also advised First Bus in connection with its intention to offer third parties commercial use of the extensive and state-of-the-art EV charging infrastructure at its Caledonia depot – an aim which was first announced by First Bus at last year’s COP26 conference in the city. Burges Salmon advised on the contracts to implement the project, initially on a pilot basis.
The Burges Salmon team advising on the deal was led by Brian Wong, a partner in the transport team, alongside Charlotte Robinson, an associate in the projects department.
Mr Wong said: “We are pleased to have supported First Bus in taking this innovative step towards its aim of allowing other parties in the local area to make commercial use of its EV charging facilities, to push forward the Net Zero agenda.
“The Caledonia depot is a fantastic facility and this is a really smart initiative to make the best use of that infrastructure by two brands that are investing in a greener future for Scotland.”