Bedell Cristin, acting alongside DLA Piper UK LLP, has advised Harrison Street on the sale of seven purpose built student accommodation (PBSA) assets to Global Student Accommodation (GSA).
The transaction combines the acquisition of Harrison Street’s interest in six assets held in an existing joint venture partnership with GSA, and the acquisition of Scotway House, Glasgow, which Harrison Street held in a joint venture partnership with Structured House Group.
Located in top-tier university cities across the UK, the portfolio of seven properties consists of 2,171 beds serving students attending City University of London, London School of Economics, Newcastle University, Northumbria University, University of Lincoln, Nottingham Trent University, Sheffield Hallam University, University of Exeter, and University of Glasgow.
Established in 2013, GSA is an investment specialist focusing on real estate asset management in the student housing sector, with a presence in nine countries, including 65 cities.
Harrison Street s a leading investment management firm exclusively focused on alternative real assets.
Bedell Cristin’s team was led by partner Bruce Scott (Picture) and associate Daniel McAviney.
The multi-disciplinary DLA Piper team was led by London-based partners Paul Jayson (Real Estate) and Jon Kenworthy (Corporate), supported by partners Katie Jacobson (Birmingham, Real Estate), Christopher Chan (London, Finance), Drew Wallace (Edinburgh, Real Estate), Sam Szlezinger (London, Litigation & Regulatory), David Smith (Leeds, Tax) and Peter Lowe (London, Real Estate).
Involved fees earner: Daniel McAviney – Bedell Cristin; Bruce Scott – Bedell Cristin; Christopher Chan – DLA Piper; Katie Jacobson – DLA Piper; Paul Jayson – DLA Piper; Jon Kenworthy – DLA Piper; Peter Lowe – DLA Piper; David Smith – DLA Piper; Sam Szlezinger – DLA Piper; Drew Wallace – DLA Piper;
Clients: Harrison Street Real Estate Capital;