Pinsent Masons advises Pension Insurance Corporation on its acquisition of Ebb and Flow

The development sits within the £850 million Station Hill regeneration project and marks one of the largest operational build‑to‑rent transactions outside central London, as well as PIC’s biggest Living Sector investment to date. 

Michael Reid, Head of Markets for Infrastructure and Real Estate at Pinsent Masons, said: “Supporting PIC on a deal of this scale showcases the strength of our real estate and institutional investment practice. We are committed to helping clients navigate high‑value, strategically significant assets that contribute to the UK’s evolving living sector.”

“This is a milestone for the future of UK rental housing,” Reid said. “We’re proud to have supported PIC as it expands its portfolio with developments that provide both sustainable income and tangible social value.”

The Pinsent Masons team advising PIC brought together specialists from across the firm’s leading Real Estate practice. The deal was led by Mike Reid, Frances Mallender and Natalie Harris, supported by Louise Dobson and James Kane. The team also brought together experts from Pinsent masons Tax, Planning, Finance and Construction teams.

This multidisciplinary collaboration ensured comprehensive support across all commercial, regulatory and technical dimensions of the transaction as well as detailed legal due diligence, asset level analysis and transaction management throughout the process.