London School of Economics’ Student Accommodation Redevelopment Project

In UK Pinsent Masons, advised on the matter.

Pinsent Masons advised London School of Economics and Political Science LSE with a team including Victoria Goddard (Picture – Real Estate), Christine Yuill (Tax M&A and Deal Advisory).

The London School of Economics (LSE)’s major student accommodation redevelopment project will provide 676 new student bedrooms together with associated commercial space and a community café in Southwark.

The Glengall Road Student Accommodation DBFO Project is a 15 storey, tiered development, which will provide additional housing primarily for post-graduate students of the School. Over a third of the rooms will benefit from the London Plan’s affordable student housing requirements, enabling access to good quality housing for lower income students.

Equity was provided by DIF (80.1%) and the School (19.9%) with Senior Debt provided by Pension Insurance Corporation plc. The construction works and FM services will be provided by Equans.

The team at Pinsent Masons included head of the firm’s universities practice Victoria Goddard (Picture), tax partner Christine Yuill, legal directors Graham Young and Catherine Hemsworth, senior associates Ria Bennett and Emma O’Gorman, associates James McDonald, Rebecca Wilding and Emma-Louise Beadie and solicitors David Jeffries, Louie Gough and Emilia Turnock.

Involved fees earner: Victoria Goddard – Pinsent Masons; Catherine Hemsworth – Pinsent Masons; Graham Young – Pinsent Masons; Christine Yuill – Pinsent Masons;

Law Firms: Pinsent Masons;

Clients: London School of Economics and Political Science LSE;

Author: Giulia Di Palma