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Nabarro advises Brockton Capital on Camden Lock deal
24 January 2012
Nabarro has advised the Brockton Capital-backed joint venture, the Urban Market Company (UMC), on the purchase of Camden Lock Market, one of London's best known and most successful market venues.
The iconic North London site has been bought by UMC originally founded as a JV with Milligan (the retail development firm) and the founders of the market, Bill Fulford and Peter Wheeler.
Camden Lock is the seed asset for the further development of UMC into a £200 million regeneration development company.
Brockton Capital is a UK focused real estate fund that invests in direct property, asset backed operating businesses and real estate securities. Milligan and Brockton Capital have been working in partnership since Milligan invested in Brockton Capital's acquisition of The Mailbox in Birmingham in 2011, a transaction on which Nabarro also advised.
The Nabarro team was led by real estate partner Marc Franks. Funds and indirect real estate partner (FIRE) Jonathan Cantor handled the structuring of the joint venture.
Marc Franks, partner at Nabarro, said:
"This was a fascinating project to work on with Brockton Capital and the other joint venture partners in the Urban Market Company. It demonstrates the breadth of expertise that Nabarro brings to these types of transactions. Our real estate and funds teams work seamlessly with each other and other practice areas within the firm to give clients a business savvy service that others find hard to match."
For further information, please contact:
Alex Bellinger
PR & E-Communications Manager
a.bellinger@nabarro.com
T: 020 7524 6391
