Ashurst has advised Invesco Real Estate on the acquisition and forward funding of a 255-home PRS development in Hounslow, west London, being built by Meyer Homes £107 million.
The development, which was acquired for Invesco’s dedicated UK residential strategy, will consist of seven buildings of various sizes, providing a mixture of studio apartments, 1-bed, 2-bed and 3-bed apartments and 14 mews houses, as well as car parking spaces, retail units and associated residential amenity space all designed to provide a sense of community. The development is set to complete in 2020.
The multi-disciplinary team was led by Melanie Jordan (picture) and included Rudi Hakiman and Emma Francombe (Real Estate), Ben Patton and Matt Pearson (Construction) and Tom Rowberry (Planning).
Law Firms: Ashurst;
Clients: Invesco Real Estate;