This is a very important milestone in the expansion of Burlingtons Group, which has evolved over the years growing from a boutique law firm into a group including tax and accounting, our own private office, IT, wealth management and with this new investment, our own real estate division. As a result of this investment, the company will be renamed Burlingtons Real Estate Advisory Limited.
The relationship between Burlingtons and Hyde Park Residential and its founder, Nicholas Portelli, goes back many years and we have collaborated together on numerous real estate projects and transactions. These include acquisitions and disposals of real estate assets in central London and internationally and supporting clients with the funding requirements for their real estate development projects. These successful transactions led us to take a small stake in the company several years ago and we have now increased this investment to become equal partners with Nicholas in the business.
We firmly believe that the timing is right. With Brexit largely behind us and with the gradual lifting of lockdown, we can see that investors are keen to re-engage in real estate transactions and London will remain a key player in this market. The UK appears to be managing its exit from the pandemic well and has showcased that it will be a global leader in this regard making it an attractive place for local and international investors.