Urban Retail V Fund managed by Grosvenor Fund Management and Public Sector Pension Investment Board acquired 42-60 Kensington High Street from Lum Chang Holdings Limited (SGX:L19) for £50 million on February 10, 2015. Knight Frank acted as real estate advisor for Lum Chang and James Bramble of Jones Lang LaSalle Limited acted as real estate advisor for Urban Retail V Fund managed by Grosvenor Fund Management. William Nash and Mark Smith of Charles Russell Speechlys acted as legal advisors to Lum Chang. Clifford Chance and Walkers acted as legal advisors to Grosvenor Fund Management. Tom Watkins, Matthew Elliott, Pamela Brent, Holly Clarke, Richard Cole, Martin Lynchehan, Alistair Godwin and Edward Smith of Linklaters LLP and Clifford Chance LLP acted as legal advisor to Public Sector.

Urban Retail V Fund managed by Grosvenor Fund Management and Public Sector Pension Investment Board completed the acquisition of 42-60 Kensington High Street from Lum Chang Holdings Limited (SGX:L19) on February 10, 2015.