GreenOak Real Estate has announced its acquisition of Grafton Advisors from Quintain, which is owned by Lone Star Real Estate Fund IV.
The property adviser will still operate as an independent property manager in central London and work with the West End of London Property Unit Trust.
Nigel Kempner will stay on as managing director at Grafton, with Ker Gilchrist as property director and Christopher Cope as development director.
Kempner said: “We are exited to be joining GreenOak, with whom I have worked closely over a number of years, particularly with regard to the refurbishment, repositioning and sale of Devonshire House in the heart of Mayfair.
“We are looking forward to continuing to grow the portfolio and performance of WELPUT for its investors over the next few years and this deal, post Brexit, shows that London still holds the confidence on international investors.”
Lone Star bought Quintain in 2015 after Quintain bought Grafton in 2012 for nearly £5.8m.
GreenOak was founded in 2010 by former Morgan Stanley Real Estate senior directors John Carrafiell, Sonny Kalsi and Fred Schmidt.
Leon Partners advised Quintain on the sale.
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