London—Dentons has advised Realstar Group, one of Canada's leading privately owned  real estate investment and management companies, on the acquisition of the first of its long leasehold investments  in two separate private rented sector (PRS) schemes in Stratford. This is part of the first phase of the new East Wick and Sweetwater multi-phased development at the Queen Elizabeth Olympic Park site.

The two PRS schemes which Realstar are acquiring total 105 individual units across two separate blocks. In addition to the PRS blocks being acquired by Realstar, the first phase of the scheme includes affordable housing and private sales units and is comprised of approximately 300 units in total.

Simon Masri, Real Estate partner at Dentons, said, "We are delighted to have assisted Realstar in its acquisition of this long leasehold interest. Our team was able to provide a full suite of real estate advice on this matter. Since entering the UK market in 2002, Realstar has acquired approximately £2.5 billion in hotels, PRS assets and more, and this will be a great addition to its portfolio."

Simon Masri led on the matter with assistance from Real Estate counsel Christopher Foxall, Planning partner Roy Pinnock, Construction partner Jane Miles, Real Estate senior associate Laura Gowing and Planning associate Georgina Reeves.

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