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 advises KATEK SE on IPO in Germany
Multinational law firm Pinsent Masons advised KATEK SE and Hauck & Aufhäuser Privatbankiers AG on KATEK SE's initial public offering (IPO) on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
Pinsent Masons advises on pioneering West Midlands Combined Authority 'Help to Own' home ownership scheme
Multinational law firm Pinsent Masons has advised City of Wolverhampton Council, The West Midlands Combined Authority (WMCA) and Frontier Development Capital Ltd (FDC), on the establishment of an innovative housing scheme designed to help people struggling to get on the property ladder, including Covid-19 key workers.
Pinsent Masons enhances Madrid offering with appointment of employment partner Samuel Gonzalez
Multinational law firm Pinsent Masons has widened its offering in Madrid through the appointment of employment partner Samuel Gonzalez, who will develop and lead the employment law team there.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises KATEK SE on IPO in Germany
Multinational law firm Pinsent Masons advised KATEK SE and Hauck & Aufhäuser Privatbankiers AG on KATEK SE's initial public offering (IPO) on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
Pinsent Masons advises Sanne Group on first specialised depositary services licence in Ireland
Multinational law firm Pinsent Masons has advised global fund administrator Sanne Group on the first specialised depositary licence to be granted by the Central Bank of Ireland, further enhancing Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.
Pinsent Masons advises on new £15m social investment 'Resonance Everyone In' homelessness property fund
Multinational law firm Pinsent Masons has advised on a new £15m homelessness social investment property fund to help meet increasing demand to house rough sleepers in London.
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]