London real estate partner Piers Coleman led the K&L Gates group that advised Akelius on the transaction, which includes properties in London and the South East. The team also included real estate partner Chris Major, tax partner Paul Beausang, and senior associate Marianne Clark.
“K&L Gates is delighted to act for this client, who has declared an intent to create one of the UK’s largest residential rental portfolios at a cost of approximately £2bn,” said Coleman. “There is undoubtedly appetite amongst investors for real estate investment at the moment and we are very pleased to have been involved in such an important project.”
Terrace Hill Residential PLC was advised by Dickinson Dees.
K&L Gates includes lawyers practicing out of more than 40 fully integrated offices located in North America, Europe, Asia, South America, and the Middle East, and represents numerous GLOBAL 500, FORTUNE 100, and FTSE 100 corporations, in addition to growth and middle market companies, entrepreneurs, capital market participants and public sector entities.