Otium Real Estate is a property investment company focused on commercial leisure real estate and is led by Ashley Blake, previously Director of Retail Portfolio Land Securities and current Chairman of the Leisure Property Forum. The Fladgate team has assisted Otium with their £200m leisure fund in real estate for over 6 years, advising on a number of acquisitions and disposals. The transactions we advised on are significant due to the return they achieved for their investors. The aggregate contribution of these transactions and the sale of the majority of Otium’s assets out of Fund 1 have generated a good return and allowed the business to progress into Fund 2.
"The Fladgate team has assisted us with our £200m leisure fund in real estate for over five years. They combine property expertise with leisure industry knowledge. In particular they have been excellent at complex title issues on purchase giving us confidence in our due diligence. They have also helped us improve the title during our ownership as well as working hard on our asset management and leasing initiatives which are critical to performance. As speed is critical to many transactions we have been impressed with how quickly they have produced documentation and turned it around during negotiations. They have a good blend of experienced partners and hard-working associates to put to work on our projects." Ashley Blake, CEO