Student Accommodation

Our Practice

We have advised on some of the leading student accommodation projects, including advising on equity investments, bond financing, development and investment facilities both on and off campus and involving leases and hard and soft nomination agreements.

Experience

Avenue Capital Group

  • advising on the successful acquisition of a portfolio of student accommodation from the administration of Opal Group

Carillion

  • on the project and funding documents in relation to the bond financed University of Hertfordshire student residence Project

Cordea Savills

  • acting for an off-shore collective investment fund in the sale of student accommodation investments

Lloyds Banking Group

  • on connection with the provision of finance for the University of Aston phased accommodation scheme providing 2000 new beds as part of the redevelopment of the University of Aston campus. Similar finance provided for Buckinghamshire New University student accommodation scheme

M&G Investments (Prudential plc)

  • acting for the insurance lender, as senior debt provider financing Round Hill Capital's acquisition of the Nido student accommodation business from Blackstone - believed to be the largest real estate financing of 2012

Middlesex First (SPV)

  • on its PPP project for student accommodation with the University of Middlesex

Nene College

  • on its university accommodation for students on campus

Olympic Park

  • accommodation finance - representing Grosvenor in connection with the provision of bank finance for the development of the Olympic Park student accommodation tower block adjacent to the Olympic site

Specialist Expertise

Finance

We have extensive experience representing lenders, universities, operators, private equity and funds in connection with the provision of finance for student accommodation projects

Operational arrangements

We have wide-ranging experience of advising in relation to nomination agreements with educational institutions, managing agents’ appointments, facilities management, contracts and other service level agreements for operation of student halls accommodation schemes

Specialised assets

We provide specialist and detailed advice in connection with a broad range of niche property investment transactions including those involving care homes, student accommodation schemes, hotels, railway sites and leisure property. Our particular understanding of these areas is one of the distinguishing features of our practice

Tax structuring

We have extensive experience of structures and techniques which can enhance the tax efficiency of accommodation projects, and also the experience to recognise the particular requirements of different types of clients and how the various transactional structures can be effectively combined. In the student halls accommodation sector we have the necessary experience of advising on direct taxes, capital allowances and VAT