Osborne Clarke advises Cubex on Grainger’s £63m build to rent acquisition

International legal practice Osborne Clarke has advised Bristol developer, Cubex in relation to Grainger’s acquisition of a 231-home forward fund build to rent development in Bristol’s Finzels Reach for £63.1m.

Cubex Land will act as development manager, backed by Fiera Real Estate. Willmott Dixon Construction Limited has been appointed as the contractor.

Cubex purchased the site in 2016 on behalf of Fiera Real Estate Opportunity Fund IV (UK).

Construction is expected to be complete in 2023.

The Osborne Clarke team was led by partner David North with support from associate Charlotte Guest, associate director Jo Risdale, partner Tracey Wright, partner Alex Gower, associate Thomasina Pantelides, associate director Amy Stray and partner Neil Bromwich.