M&G’s New Shared Ownership Fund Launch

Osborne Clarke, Eversheds Sutherland and Devonshires have advised M&G on the deal.

M&G launched its new Shared Ownership Fund.  The fund has so far raised £215m of initial investment from Homes England, Hyde, two local authority pensions schemes and two M&G client funds.

The fund is one of the first of its kind investing in shared ownership housing, the first stage of which will see the Fund make a £61 million purchase of 422 shared ownership homes in London and Kent.

The Osborne Clarke legal team was led by partner Rajindh Mangat (Picture) and also included Tim Hart, Camilla Tunnicliffe, Anna Fouracre (planning), Emma Wigmore, Lakhmi Halaith and Brogan Stewart, Ed Grey (employment) TK Spiff (data protection). Partner Jonathan Corris led the Devonshires team with Elad Yasdi which also included Charlotte Sawyer, Hannah Langford, Aruna Sarwar, Alexandra Benion and Oliver Grech.

The Eversheds Sutherland team advised on all key aspects of the fund and was led by financial services Partner, Richard Batchelor, assisted by Associate Grace Li with tax support provided by: Partner Paul Beausang, Legal Director Camilla Spielman, and Principal Associate Charlotte Stodell.

Partner Jonathan Corris led the Devonshires team with Elad Yasdi which also included Charlotte Sawyer, Hannah Langford, Aruna Sarwar, Alexandra Benion and Oliver Grech.

Involved fees earner: Alexandra Benion – Devonshires Solicitors; Jonathan Corris – Devonshires Solicitors; Oliver Grech – Devonshires Solicitors; Hannah Langford – Devonshires Solicitors; Aruna Sarwar – Devonshires Solicitors; Charlotte Sawyer – Devonshires Solicitors; Elad Yasdi – Devonshires Solicitors; Richard Batchelor – Eversheds Sutherland; Paul Beausang – Eversheds Sutherland; Grace Li – Eversheds Sutherland; Camilla Spielman – Eversheds Sutherland; Charlotte Stodell – Eversheds Sutherland; Anna Fouracre – Osborne Clarke; Ed Grey – Osborne Clarke; Lakhmi Halaith – Osborne Clarke; Tim Hart – Osborne Clarke; Rajindh Mangat – Osborne Clarke; TK Spiff – Osborne Clarke; Brogan Stewart – Osborne Clarke; Camilla Tunnicliffe – Osborne Clarke; Emma Wigmore – Osborne Clarke;

Law Firms: Devonshires Solicitors; Eversheds Sutherland; Osborne Clarke;

Clients: M&G plc;

Author: Federica Tiefenthaler