Equipoint: L1 Property Acquires Key Asset in Birmingham
Deal News | Jan 14, 2025 | Mishcon
Mishcon de Reya has advised L1 Property, the UK real estate arm of L1 Capital, on the acquisition of Equipoint, a notable build-to-rent asset in Birmingham. Equipoint, with its 247 residential units, is ideally situated near Birmingham city center and airport. The acquisition highlights Birmingham's attractiveness as a prime location for professionally managed rental properties. David Kanter from Mishcon de Reya and David Lamm from L1 Property expressed their enthusiasm for this strategic addition to the residential portfolio, emphasizing their commitment to further expand in vibrant UK cities.
Sectors
- Real Estate
- Investment Management
- Legal Services
Geography
- United Kingdom – The acquisition takes place in Birmingham, UK, and is part of a strategic growth plan in the country's real estate market.
- Birmingham – As the location of Equipoint, Birmingham is significant due to its growing demand for rental properties and its strategic importance in L1 Capital's portfolio.
Industry
- Real Estate – The transaction involves the acquisition of a significant build-to-rent asset in Birmingham, enhancing a portfolio in the UK real estate market.
- Investment Management – L1 Capital, a global investment manager, is expanding its UK real estate investments, showing its strategy within investment management.
- Legal Services – Mishcon de Reya provided legal advisory services for the acquisition deal, representing the legal industry involvement.
Financials
- – No specific financial details about the acquisition price or valuation mentioned.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mishcon de Reya | Legal advisor | Company | Provided legal advisory services to L1 Property for the acquisition of Equipoint. |
| L1 Property | Bidding Companybuyer | Company | L1 Property is the UK real estate investment arm of L1 Capital, involved in acquiring Equipoint. |
| L1 Capital | Parent Company | Company | Global investment manager and parent company to L1 Property. |
| Equipoint | Target company | Company | A significant build-to-rent asset in Birmingham acquired by L1 Property. |
| David Kanter | Managing Associate, Real Estate | Person | Part of the Mishcon de Reya team advising L1 Property on the acquisition. |
| David Lamm | CEO | Person | CEO of L1 Property, leading the acquisition of Equipoint. |