find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Fund manager moves in on UK residential property market

Fund manager moves in on UK residential property market

United Kingdom

Australian lawyers for a global firm have advised a fund manager on the diversification of its investment portfolio expansion into residential properties in the United Kingdom.

Firms: Norton Rose Fulbright (L1 Capital UK Residential Property Fund)

Deal: Specialist fund manager L1 Capital has established its own residential property fund in the UK.

Value: Undisclosed

Area: Finance, corporate

Key players: The NRF team advising L1 Capital was led by Sydney-based partner Fadi Khoury.

Deal significance: Established in 2007, specialist fund manager L1 Capital manages money for clients, including large superannuation funds, financial planning groups, family offices and high-net-worth individuals.

NRF partner Fadi Khoury, who advised L1 Captial on the creation of its UK residential property fund, said the deal intended to take advantage of long-term investment opportunities.

“Sophisticated investors continue to be drawn to residential property investment. I am proud to be associated with this dynamic team as they deploy their strong investment track record and experience in a Brexit environment in the UK residential property market,” Mr Khoury said.

L1 UK Property Investments, the group’s property arm, will manage the new fund formed. According to the fund’s manager, the UK residential property outlook is compelling. A statement released by NRF said that a combination of high rental yields, low borrowing costs and attractive long-term housing supply and demand dynamics supported this view.

The executive director of L1 Capital, Joel Arber, said that the new diversified portfolio of residential property across the UK would provide investors with a high target return.

“The design of the fund reflects best practice from a governance perspective, developed by L1 UK Property Investments, in conjunction with Fadi as our strategic legal adviser, leading professional trustee firm Equity Trustees and global administrator, Apex Fund Services,” Mr Arber said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Fund manager moves in on UK residential property market
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...