Global law firm Norton Rose Fulbright has advised Quintain Limited on the sale of its wholly-owned subsidiary Grafton Advisors (2006) LLP to GreenOak Real Estate.
Grafton is the property adviser to the West End of London Property Unit Trust (WELPUT), the specialist real estate fund which invests in central London offices. WELPUT is managed by Schroders and is the top performing fund in the Association of Real Estate Funds Index over the past 10 years.
The Norton Rose Fulbright team led by partner Mark Lloyd Williams assisted by Of Counsel Claire O’Donnell and associate Sam Morrey. Of Counsel Nick Howard and associate Ben Wright advised on employment aspects; senior associate Andrew Roycroft provided tax advice, and partner James Dunnett and associate Peng Kun Ser advised on banking matters.
Mark Lloyd Williams commented: “We are pleased to be involved in this transaction for our client Quintain. It shows that there is still real demand for strong London real estate management teams like Nigel Kempner’s Grafton team from sophisticated real estate sector professional investors such as the GreenOak partners. The deal demonstrates renewed confidence in the London commercial real estate market post-Brexit from a leading international investor - it shows the London real estate market is still open for business.”
Norton Rose Fulbright has previously advised on Grafton Advisors foundation by Nigel Kempner and its sale to Quintain as well as advising Quintain on the sale of its interest in iQ, a student accommodation portfolio.
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