Leicester property developer sold to private investor

An East Midlands developer and management company has been sold to a private investor client of Boundary Real Estate Partners.

Raynsway Properties is based in Leicester and has a portfolio consisting of over 350,000 sq ft of office and industrial units. Raynsway Properties also owns the 43-acre Watermead Business Park with frontage onto the A46, as well as Leicester Marina.

Boundary Real Estate Partners invests in commercial real estate assets in the UK.

Raynsway Properties was advised by an Alantra team led by Hoong Wey Woon, partner, and Bobby Fletcher, director,
and Howes Percival’s Oliver Pritchard, Stuart Burns and Lizzy Page.

Hoong Wey Woon said: “Raynsway Properties has established an impressive portfolio of office and industrial buildings with high quality occupiers. It was a pleasure working with the Raynsway team on this transation and we’re excited to see what the company achieves in its next chapter.”

Giannina Rayns, chair of Raynsway, said, “We were delighted to have worked with Alantra. They demonstrated a gold standard level of professionalism and determination to make this deal happen. Their knowledge of the real estate market, buyers and deal execution delivered us the best possible outcome.”

Mike Morrison, partner at Boundary Real Estate Partners, said: “The Raynsway portfolio is a unique opportunity for Boundary. We are excited to bring forward our development and active management plans for the estate. We are delighted to have secured the portfolio off market and our thanks go to our advisory team as well as Alantra in completing what was a complex, corporate transaction.”