International legal practice – Osborne Clarke – has advised Bristol developer – Cubex – in relation to Grainger’s acquisition of a 231-home forward fund Build to Rent development in Bristol – for c.£63.1m.
Cubex Land will act as development manager, backed by Fiera Real Estate. Cubex purchased the site in 2016 on behalf of Fiera Real Estate Opportunity Fund IV (UK). Willmott Dixon Construction Limited has been appointed as the contractor.
Construction was expected to start in January 2021, with construction completion targeted for H2 2023.
The Osborne Clarke team was led by Partner David North with support from Associate Charlotte Guest, Associate Director Jo Risdale, Partner Tracey Wright, Partner Alex Gower, Associate Thomasina Pantelides, Associate Director Amy Stray and Partner Neil Bromwich.
Osborne Clarke is a recognised industry leader in real estate – providing a comprehensive lifecycle service and advising major real estate industry organisations, ranging from developers and investors to property funds and corporate occupiers.