Nabarros instructed on £1bn retail fund

Nabarro Nathanson's property finance team has acted on the establishment of a retail investment fund formed by Morley Fund Management and property company Capital & Regional. Each put £170m into the fund - called the Junction Limited Partnership - for initial stock. Morley expects the fund to have national stock worth £1bn by early next year.
The initial assets are based in England and Scotland.
Banking partner Kim McMurray and property partners Deborah Lloyd and Tim Herbert-Smith led the Nabarros team. Also involved were Berwin Leighton Paisner (BLP), SJ Berwin, Maclay Murray & Spens, McGrigor Donald and Fladgate Fielder. BLP partner Vinay Veneik advised on entering into the fund; SJ Berwin partner Geoffrey Woolf led a team advising backers the Royal Bank of Scotland; Fladgate Fielder, McGrigors and Maclays advised on property aspects.