International legal practice Osborne Clarke has advised M&G Real Estate (acting via its general partner) on its forward funding of a new build-to-rent residential development in Reading.
Thames Quarter, Reading is a development of 315 one, two and three-bedroom apartments, which will be ready in 2021.
Osborne Clarke Partner Rajindh Mangat said: “Our team has supported this residential fund on a number of exciting BTR deals during the last few years and the market in this sector continues to grow.”
The cross-sector team from Osborne Clarke who advised on this important asset was led by Partner Rajindh Mangat who was assisted by real estate Associate Gareth Hutchings and Associate Director Anastasia Gorokhova. Partner Conrad Davies, Legal Director Sarah Knight and Associate Jonny Gait advised on corporate matters and Partners Tracey Wright and David Nisbet advised on tax matters. Senior Associates Anna Harlow (planning) and Simon Budge (construction) and Partner Gary Lawrenson (right to light) also advised this fund.
Osborne Clarke is a recognised industry leader in real estate providing a comprehensive sector-led service that provide responsive advice to a variety of major real estate industry organisations, ranging from developers and investors to property funds and corporate occupiers.