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Eversheds Sutherland advises Audley Group on luxury retirement village joint venture

  • United Kingdom
  • Global

    26-10-2017

    Eversheds Sutherland has advised Audley Group (Audley), the UK’s leading provider of luxury retirement villages, on its joint venture (JV) with Apache Capital Partners (Apache Capital), a London and Gulf-based private real estate investment management firm, to deliver a 13,750sqm, luxury high-end retirement village in London.

    The scheme has a gross development value of £125m and is situated on Nightingale Lane, overlooking Clapham Common. Construction and development of the scheme is anticipated to commence by mid-2018, with completion expected in 2020.

    The Eversheds Sutherland team was led by Corporate Partner Aleen Gulvanessian. The team comprised: Partner Dominic Morris (Real Estate and Construction), Principal Associates Nicola Evans (Corporate), Ed Freeman (Construction) and Devreaux Gravell (Banking & Restructuring), Senior Associate Megan D’Souza (Real Estate), and Associates Angus Simpson (Corporate), and Lauren Topper (Construction).

    Aleen Gulvanessian, commented:

    “We are delighted to have advised Audley on this significant transaction involving their first London site.”

    Nick Sanderson, CEO, Audley Group, commented:

    “This was a complex transaction which involved advice from the Corporate, Real Estate, Tax, Banking and Planning teams at Eversheds Sutherland. All have a good knowledge of the Audley business and were able to apply that to ensure the structuring of the Joint Venture maximised the opportunity whilst protecting our position.”

    Aleen Gulvanessian, Consultant
    Nicola Evans, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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