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ABL acts for Buxton business
The Buxton Group has acquired Rylands of Brighton retirement village business from FKP Property Group.
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Firms: Arnold Bloch Leibler (Buxton Group)
Area: Real estate
Value: Undisclosed
Key players: The transaction was conducted by Arnold Bloch Leibler partner Jeremy Leibler, senior associate Jeremy Lanzer and lawyer Rebecca Abeles
Deal significance: The sale sees the Buxton Group return to manage Rylands of Brighton, a retirement village comprising 71 independent-living apartments located in the Melbourne inner-city area of Brighton, which the Buxton Group originally developed more than 10 years ago. “The Buxton Group is a long-standing client of the firm. We acted in their sale of Rylands of Brighton to Stockland in 2008, and it is pleasing to see them come full circle to regain control of Rylands of Brighton,” said Leibler. “I am sure Rylands of Brighton will go from strength to strength under the management of the Buxton Group, led by Richard Buxton, his daughter Samantha Buxton and their chief financial officer Nolan Stevens,” said Lanzer.
