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.
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons appoints employment partner in Aberdeen
Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Pinsent Masons bolsters UK corporate practice with hire of expert healthcare and higher education partner
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Pinsent Masons advises Balbec Capital on its first European public securitisation
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons bolsters UK corporate practice with hire of expert healthcare and higher education partner
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Pinsent Masons advises Elphinstone Group on takeover bid
Multinational law firm Pinsent Masons has advised Australian heavy machinery manufacturer Elphinstone Group on its proposed takeover bid for Engenco Limited, a provider of sustainable transportation products.
Pinsent Masons advises Fintech Asia Limited on reverse takeover
Multinational law firm Pinsent Masons has advised Fintech Asia Limited, a publicly listed company on the mainboard of the London Stock Exchange, in a reverse takeover of ICFG Pte. Ltd.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]