Bedell Cristin advises on acquisition of largest purpose-built rental development in the UK04 Feb 2019
Bedell Cristin acted for a major institutional investor (in partnership with Greystar Europe) in the acquisition of a 26.5 acre site in Greenford, West London.
The former home to the GlaxoSmithKline and J Lyons & Co will be developed into a mixed-house scheme with a significant focus on rental housing.
When completed, the neighbourhood development of 1,065 homes across seven buildings with shops, restaurants, gardens and gyms will be the largest purpose-built rental development in the UK.
Kate Ovenden, Managing Partner, Guernsey, commented, “We are proud to have been working alongside Norton Rose Fulbright LLP on this major acquisition in West London, and it will be exciting to see this American model for mixed development come to life in the UK.”