Watling Real Estate launches in the UK backed by Bassi Capital
Watling Real Estate has launched in the UK following a management buyout of the national restructuring solutions team from Avison Young.
The business will be headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.
It will have a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.
The business is led by existing restructuring solutions principals Alan Ryall, Andrew Foster and Nathan Pask alongside national directors Jamie Lamond, John Wills, Chris Davies, Toby O’Sullivan, Chris Walker and Alex Sweetman.
The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace.
Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.
Alan Ryall, joint managing director of Watling Real Estate which went live on 1 June, said: “The transition to Watling is extremely exciting for our business. The level of support we have received from our clients and wider contact base has been overwhelming, with the last six months being one of the busiest periods we have experienced in the last five years.
“Watling will now give us the platform to fully capitalise on the opportunities which exist in the marketplace.”
Andrew Foster, joint managing director, said: “The ability to operate independently and negate concerns over perceived and potential conflicts of interest is paramount for our clients. The formation of Watling now provides us with the structure to do just this with the additional ability to invest and grow our business within the UK.
“We are advising on £300m+ of real estate at present and this is likely to significantly increase over the next six months.”
Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships, including Bond Wolfe, the UK’s largest livestreaming auction house.
Gurpreet Bassi, director, said: “We are delighted to have worked alongside the Watling team in successfully completing the MBO. Their national footprint provides a fantastic opportunity to grow both the core business and additional service lines.”
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