QuadReal acquires Realstar’s operating platform
QuadReal Property Group has announced that it has fully acquired the UNCLE brand in the UK and Europe as well as Realstar’s UK&I residential operating platform, which will be re- named. The transaction consolidates the operating company under QuadReal.
The current team will remain to expand the business. Ryan Prince will also remain as CEO for the next 12 months. Following this transition period, he will move to the role of non-executive Chairman.
QuadReal and Realstar launched their first joint venture in 2017, expanded the relationship through asset acquisitions and, in 2021, QuadReal purchased a minority interest in the Realstar UK operating company …