Macfarlanes advises Realstar on £750m residential portfolio sale to QuadReal
The properties, some of which are managed under Realstar’s UNCLE brand, comprise studios to three-bedroom flats in BTR and student accommodation schemes across London and Manchester. Macfarlanes also advised Realstar on joint venture arrangements with QuadReal in respect of these assets.
The project was led by our private equity real estate (PERE) group with senior consultant Robert Porter and senior solicitor Shane Mitchell coordinating a large cross-practice team, alongside real estate partner Clare Breeze.
Robert Porter comments: “Having helped Realstar to acquire and develop a number of these properties, it was a pleasure to assist with this important sale and the joint venture arrangements for future management of the portfolio.”
Additional real estate advice was provided by solicitor Robert Malaney, with construction advice from senior solicitor Radhika Shah. Further corporate advice was provided by senior solicitor Daniel Hobbs and solicitor Michael Sweeney, with tax expertise coming from tax and reward partner Mark Baldwin. Advice on the financing aspects was provided by partner Jat Bains with assistance from senior solicitors Laura Uberoi and Christine Dowdall, funds advice came from partner Alex Amos, senior solicitor Jack Mathew and solicitor Benjamin Pape, with commercial expertise from partner Will Hedges and senior solicitor Martha Campbell.