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

Pinsent Masons announces 2020 partner promotions

Multinational law firm Pinsent Masons has announced 17 new partners in its 2020 promotion round as it promotes outside of traditional legal services for the first time.

Pinsent Masons Hong Kong recognised in Law Firm of the Year survey

International law firm Pinsent Masons was listed in the top tier for 3 categories in a recent survey conducted by Asian-mena Counsel’s In-House Community to identify Firms of the Year 2019 for the second consecutive year.

Pinsent Masons hires leading State aid and public procurement partner in London

International law firm Pinsent Masons has hired Dr Totis Kotsonis to lead the firm's State aid and public procurement team within its Competition, EU & Trade Group.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons hires finance partner in Beijing

International law firm Pinsent Masons has hired Kanyi Lui into its Beijing office to expand the firm's finance offering in China and across Asia.

Advising Statkraft on Ireland's first grid-scale battery storage project

International law firm Pinsent Masons has advised Statkraft on the installation and operation of Ireland's first grid-scale battery storage project as part of the hybrid battery-and-wind Kilathmoy initiative.

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.

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