NEWS AT DEVONO

Another successful acquisition on behalf of a Hedge Fund Management Firm

DeVono Cresa are delighted to have completed the second property acquisition for one of the country’s rapidly emerging and recognised hedge funds.

Having acquired their first commercial home some two years ago, the firm’s success has seen them outgrow the space much quicker than anticipated. DeVono Cresa were called back in at the beginning of the summer to advise once again, this time on the possibility of taking advantage of a particular lease scenario in order to effect an early exit strategy from existing premises that both their rapid growth and the market’s rising property prices pointed to as being the correct property decision. The search ended in the acquisition of prime Mayfair offices in a deal put together effectively under the noses of another party that mistakenly believed they had secured it for themselves.