Raynsway Properties has been sold to private clients of Boundary Real Estate Partners.
Raynsway Properties is a property development and commercial lease management company based in Leicester. Its portfolio consists 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.
Hoong Wey Woon, partner and head of real estate at Alantra, 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 transaction and we’re excited to see what the company achieves in its next chapter.”
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.”
