Quintain Buys Grafton Advisors
Quintain Estates & Development Plc has acquired Grafton Advisors (2006) LLP, a specialist central London strategic property adviser. The acquisition was made for a cash consideration of £5.75 million (€6.9 million), and the Grafton management team and employees will join Quintain.
Grafton currently acts as property adviser to the West End of London Property Unit Trust (WELPUT). Schroders acts as manager to the fund, which had gross assets of £872.2 million (€1.05 billion) as at 31 December 2011.