Pinsent Masons advises University of Leicester on £124m Freemans Common Residences project

28 Aug 2019 | 08:35 am |

International law firm Pinsent Masons has advised the University of Leicester on its Freemens Common Residences DBFO project, which has reached Financial Close.

The University and preferred bidder for the project, Freemens Common Village LLP, raised £124m of finance through a inflation linked bond, wrapped by Assured Guaranty (Europe) plc.

The project will see the design, build, finance and operation of 1,164 new bedrooms as well as the design and build of a new multi-storey car park, cafe, reception space and a new teaching and learning centre, with the first phase of additional accommodation expected to be completed for the start of the 2021/22 academic year.

Equity in Freemens Common Village LLP was provided by Equitix (80%), Engie (10%) and the University of Leicester (10%).

Partner Victoria Goddard and Legal Director Chris Owens led the Pinsent Masons team that worked on the project. The team advised the University of Leicester on all aspects of the project from the procurement of the preferred bidder through to financial close.

Goddard commented: "This project is of huge strategic importance to the University of Leicester and its future plans and we're delighted to see this transformational deal reach Financial Close."

Martyn Riddleston, Chief Financial Officer of the University of Leicester, commented: "Pinsent Masons have provided exceptional support to the University for this important transaction. Our core team from Pinsent Masons worked with us to understand and manage a number of complex and challenging legal issues and to enable us to reach a satisfactory conclusion".

Pinsent Masons has advised number of universities and private sector partners on student accommodation projects including most recently the University of Brighton on the Moulsecoomb residences project worth circa £100 million and is currently advising the University of York in relation to the Campus East Residences DBFO project.

Latest press releases

Show me all press releases

Advising BP on first investment in AI in China

International law firm Pinsent Masons has advised global energy company BP on its investment in energy management tech specialist R&B

Pinsent Masons bolsters its Competition, EU & Trade Group with appointment of Hans Jürgen Meyer-Lindemann in Düsseldorf

Pinsent Masons continues to expand its Competition, EU & Trade Group, with the appointment of competition law specialist, Prof. Dr. Hans Jürgen Meyer-Lindemann, as a partner in the Düsseldorf office.

Pinsent Masons advises HZI on its first Energy from Waste Plant in Australia

International law firm Pinsent Masons has advised HZI on the development of the A$511 million East Rockingham Resource Recovery Facility in Western Australia

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons appoints new Head of Tax Fraud Investigations

International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.

Voters urge business to 'find its voice' in UK election debate

Two out of three voters believe business should 'make its voice heard' on the choices facing the UK electorate as the general election approaches.

Pinsent Masons appoints Ian Laing as Global Head of Infrastructure

International law firm Pinsent Masons has appointed Ian Laing to lead its global infrastructure team.

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