Glenbrook Concludes £152 Million Sale of Residential Development Site
Deal News | Mar 07, 2025 | Freeths LLP
In a significant transaction in the real estate sector, Freeths LLP has successfully advised Glenbrook, a renowned property development and investment firm, on the sale and development funding of a residential development project in Leeds. The transaction, valued at £152 million, involves a forward funding agreement with property investment firm Barings on behalf of a US insurance company. The development will include over 600 residential units, set across five buildings with substantial amenities and public spaces. The project marks Glenbrook's continued expansion in Leeds, following their partnership with Legal & General on another substantial residential project. Freeths' team, led by Real Estate Partner Stephen Lewis, navigated the complex transaction over three years, highlighting the firm's strong expertise in residential real estate.
Sectors
- Real Estate
- Legal Services
Geography
- United Kingdom – The residential development project and the legal advisory services were based in Leeds, UK.
- United States – The development is forward-funded by Barings on behalf of a U.S.-based insurance company.
Industry
- Real Estate – The article focuses on a significant real estate transaction involving the sale and development funding of a residential project in Leeds.
- Legal Services – Freeths LLP, a law firm, played a pivotal role in advising the transaction, highlighting the involvement of legal services.
Financials
- £152 million – Valuation of the residential development sale and funding agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Glenbrook | Target Company | Company | Glenbrook is a property development, investment, and asset management company founded in 2011. |
| Freeths LLP | Legal Advisor | Company | Freeths LLP is a leading law firm that advised Glenbrook on the transaction. |
| Barings | Bidding Company | Company | Property investment firm providing forward funding for the development project. |
| Stephen Lewis | Real Estate Partner | Person | Led the Freeths team on the deal. |
| Kishen Ravalia | Director | Person | Supported the deal. |
| Marie Mulligan | Director | Person | Supported the deal. |
| Matthew Turner | Managing Associate | Person | Supported the deal. |
| Imogen Seabridge | Associate | Person | Supported the deal. |
| Molly Happs | Trainee | Person | Supported the deal. |