Allen & Overy said today that the acquisition of British property firm Quintain Estates & Development Plc. by private equity firm Lone Star signals continuing interest from international investors in London's residential and commercial property market.
 
Quintain’s portfolio includes the land around London’s Wembley Stadium, which is the focus of a major urban renewal project that incorporates retail and leisure facilities as well as 5,500 homes.
 
The Allen & Overy team advising Lone Star on the transaction consisted of corporate partners George Knighton and Annabelle Croker, real estate finance partner Arthur Dyson and real estate partner Chris Woolf.
 
George Knighton commented: “On this transaction we deployed a full team with expertise covering public takeovers, acquisition finance, real estate and tax issues.
 
This follows our roles working with the Lone Star real estate team on the  acquisition of the assets of the Moorfield Funds I and II in December and the acquisition of the Jury's Inn business in January.”