Norton Rose Fulbright acts on launch of L1 Capital UK Residential Property Fund

Global law firm Norton Rose Fulbright has advised on the establishment and offering of L1 Capital UK Residential Property Fund.

L1 Capital is a specialist fund manager established in 2007 and manages money for a range of clients including large superannuation funds, financial planning groups, family offices and high net worth individuals.

Its property investment arm, L1 UK Property Investments, will manage the fund formed to take advantage of long term investment opportunities in the UK residential property market. The manager believes the outlook for UK residential property is compelling, in particular, based on a combination of high rental yields, low borrowing costs and attractive long term housing supply and demand dynamics. 

Norton Rose Fulbright Sydney-based corporate partner Fadi Khoury led the deal and commented:

'Sophisticated investors continue to be drawn to residential property investment. I am proud to be associated with this dynamic team, as they deploy their strong investment track record and experience in a Brexit environment in the UK residential property market'.

Executive Director, Joel Arber, commented:

'The design of the fund reflects best practice from a governance perspective, developed by L1 UK Property Investments, in conjunction with Fadi as our strategic legal adviser, leading professional trustee firm Equity Trustees and global administrator, Apex Fund Services. The fund seeks to provide our investors with a high target return based on a diversified portfolio of residential property across the UK'.

For further information please contact:

Alex Boxsell, Senior Brand & External Communications Manager, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165   Mob: +61 (0)414 985 556
alex.boxsell@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright 

Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4000 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

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Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.