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Lawrence Stephens Completes SPV Sale for £36 Million

August 2021

We’re pleased to report that Lawrence Stephens has completed a sale of a Special Purpose Vehicle (SPV) on behalf of a valued corporate client for £36 million.

The SPV owned 114 residential properties across north-east London.

Lawrence Stephens’ team worked diligently and flexibly with the client and counter-party to initially negotiate an Exclusivity Agreement and then swiftly completed the sale six weeks later, on 12 July.

The deal was led by Senior Director, Gregory Palos, with support from Senior Director Steven Bernstein, Director Paul Marsh, Solicitor Katrina Hanak and Trainee Solicitor Isobel Moran.

Gregory Palos, Senior Director and Head of Real Estate Finance, comments:

‘We’re delighted to have completed this significant and complicated transaction quickly, efficiently and with an excellent result for our client. Thank you to our team of Real Estate Finance and Corporate & Commercial solicitors who worked hard to drive this deal over the line while delivering exceptional client service.”