International legal practice Osborne Clarke has advised Cording Real Estate Group, the European real estate investment and asset management firm, on its second deal for its new £400 million Cording Residential Investment Fund, which invests in the build to rent sector (BTR) on behalf of Continental European investors. Osborne Clarke also acted on the first deal for this fund, a £50 million forward funding of a BTR development in Leicester.

The fund has agreed to forward fund a build-to-rent development in Warrington by High Street Group for around £40 million. Located in John Street, in the heart of the Stadium Quarter regeneration area, the development will provide 362 one and two-bed apartments. Construction will commence on site this month and is expected to be completed in early 2021.

The team from Osborne Clarke was led by real estate Partner Rajindh Mangat and Associate Director Anastasia Gorokhova, assisted by Senior Associates Camilla Tunnicliffe and Simon Budge.

Osborne Clarke is a recognised industry leader in real estate, with particular expertise in advising on BTR transactions, 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.

Share
Corporate communications and press contacts

If you are a journalist and would like comment or background from our legal experts, we can help. Our team will put you in touch with the best person. View a full list of our international press contacts by jurisdiction here.