PRESS RELEASE
22 January 2021

Ogier Sees Real Estate Sector Continuing To Thrive As Corporate And Finance Team Advises Realstar On £600 Million Portfolio Sale

O
Ogier

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
A team from Ogier's Jersey office has advised Realstar Group, the Canadian real estate investment and management company, on the £600 million sale of a majority stake in a UK rental housing portfolio to QuadReal Property Group, investing on behalf of the
Jersey

A team from Ogier's Jersey office has advised Realstar Group, the Canadian real estate investment and management company, on the £600 million sale of a majority stake in a UK rental housing portfolio to QuadReal Property Group, investing on behalf of the British Columbia Investment Management Corporation.

"Having been involved in the acquisition and development of various properties in the portfolio, it's exciting to see the rental housing sector grow and thrive and the real success of the UNCLE brand." said Ogier partner Richard Daggett.

The portfolio comprises eight build-to-rent and student accommodation properties located in London and Manchester, some of which are managed under Realstar's UNCLE brand. Realstar will continue to manage the portfolio under joint venture arrangements with QuadReal.

The Ogier team, which advised on both corporate and financing elements of the transaction, was led by partner Richard Daggett, assisted by senior associate Amy Garrod and associates Alex Fisher and Marcela Tudose. Ogier worked closely alongside lead English counsel Macfarlanes in relation to the transaction.

"It has been a pleasure to assist our long-standing client Realstar on such a significant transaction," Richard said. "We wish Realstar and QuadReal every success as they continue their partnership."

PRESS RELEASE
22 January 2021

Ogier Sees Real Estate Sector Continuing To Thrive As Corporate And Finance Team Advises Realstar On £600 Million Portfolio Sale

Jersey

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.

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