04 Nov 2025

"Freeths Advises Lamington Group on £41.75M Green Loan for Net Zero 'Hometel' in York"

"Freeths, a leading law firm, has advised Lamington Group on securing a £41.75 million Green Development and Investment Loan from Coutts Commercial to fund the construction of room2 York, a net zero carbon 'hometel' set to open in Spring 2027. This marks Lamington's first property in the North of England and aligns with its commitment to sustainable hospitality and real estate development as a certified B Corporation. The 116-room site will feature eco-friendly design elements and community-focused amenities. Lamington plans to expand its net zero pipeline with additional room2 locations across the UK."

Freeths, a leading law firm, advised Lamington Group on the funding of its latest project, room2 York, while Coutts Commercial provided the £41.75 million Green Development and Investment Loan to support the project. The transaction involved securing a £41.75 million Green Development and Investment Loan to fund the construction of room2 York, a pioneering net zero carbon ‘hometel’ set to open in Spring 2027. The project aligns with Lamington Group’s commitment to sustainability and its goal of delivering whole-life net zero buildings, contributing to its pipeline of environmentally conscious developments across the UK. The Freeths team was led by Banking & Finance Partner Andrew Curtis and Real Estate Partner John Flathers. They were supported by Real Estate Managing Associate Nick Wallace, Real Estate Associate Amy Liddell, Construction & Engineering Senior Associate John Ridehalgh, and Banking & Finance Associate Cian Brett.
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