Pinsent Masons advises on £137 million Cordea Savills student housing disposal

23 Jul 2014 | 10:39 am |

International law firm Pinsent Masons has advised Cordea Savills on the £137 million sale of its Student Hall Fund to Unite UK Student Accommodation Fund (USAF).

The deal will see the international property investment manager sell its Student Hall Fund, which comprises 2,904 bedrooms across Bath, Bristol, Birmingham, Edinburgh, Leeds and Loughborough.

 Pinsent Masons' corporate funds partner Ian Warner led a corporate funds team including Thilo Schneider and Genna Oakes. Real estate partner, Jonathan Brocklehurst led on property related matters assisted by James Long, Ramiza Ali, Richard Holroyd, Greg Dingwall, Cassandra Auld and Alison Groat.

Commenting on the deal, Ian Warner, said: "We are delighted to have advised on such a high profile deal for Cordea Savills. Student accommodation is a buoyant industry which has seen significant growth and development in recent years. The transaction adds to our expertise in this sector gained through acting for fund managers, investors and universities and it is an area where we see significant further opportunities."

Cordea Savills' Student Hall Fund launched as a closed-ended fund in 2006. USAF's purchase boosts its portfolio by 10% which now covers 24,577 beds across 22 towns and cities.

Latest press releases

Show me all press releases

Increase in average prison sentence length for tax evasion - now over two and a half years

There was a 10% rise in the average prison sentence length for tax evasion last year jumping to 2 years 7 months*, up from 2 years 5 months, says Pinsent Masons, the international law firm.

More Mindful Business Charter signings on World Mental Health Day

On World Mental Health day and, one year since the launch of the Mindful Business Charter (MBC), 17 more organisations are adopting the Charter's pledge to change avoidable working practices that can affect mental health and wellbeing.

Pinsent Masons ranked as a Top 75 employer for social mobility

International law firm Pinsent Masons has retained its ranking as one of the top 75 employers in the Social Mobility Employer Index 2019.

People who viewed this press release also viewed

Show me all press releases

Pension trustees need to proactively engage with the investment chain to address climate risk

International law firm Pinsent Masons is calling for pension scheme trustees to proactively address climate risk. Trustees who fail to consider the impact of environmental factors on investment performance risk breaching their fiduciary duties.

Pinsent Masons advises RPMI Railpen on formation of $700m joint venture

International law firm Pinsent Masons has advised RPMI Railpen on its $200m commitment to a joint venture with The Alaska Permanent Fund Corporation and the Public Institution for Social Security of Kuwait.

Pinsent Masons boosts Funds practice with key hire

International law firm Pinsent Masons has further enhanced its financial services sector capability with the appointment of funds and financial services specialist David Young.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts