Student Accommodation

With higher education having become one of the world’s most successful and dynamic industries, the student accommodation sector has grown to become a mature and stable asset class, attractive to both international and domestic real estate investors. 

Our multi-disciplinary student accommodation team advises specialist operators, universities, fund managers, equity investors and lenders in the sector. We focus on the entire life-cycle of student accommodation assets and businesses.

  • Owners on direct and indirect acquisitions and disposals of portfolios of student accommodation properties.
  • On planning, forward-funding, development, management, nominations and letting agreements for universities and owner-operators.
  • Investment managers on structuring and equity capital raising for joint ventures and open-ended and closed-end funds investing in the sector.
  • Lenders to student accommodation platforms and businesses. 

We have advised on some of the largest and most high-profile transactions in multiple jurisdictions for market-leading operators, investors and lenders. Our exposure to this sector places us in a unique position in which to add value to our clients.

Adviser to the leading student accommodation provider in the UK

Location: UK, Nationwide

  • Advised Unite Students on a £300 million fundraising for the Unite UK Student Accommodation Fund (USAF);
  • Advised on the £270 million acquisition of the AUB UK Student Accommodation Fund, a portfolio of 2,099 beds across eight properties in London, Durham, Birmingham, York, Oxford, Leeds and Glasgow; and
  • Advising on all real estate matters for the USAF and LSAV (a 50/50 joint venture between the Government of Singapore Investment Corporation and Unite) which has included:
    • acquisitions including Stratford One and Aston Student Village;
    • disposals including the Project Spring Portfolio, Project Mayflower Portfolio and Woburn Place in London;
    • forward funding developments including Beech House in Oxford, Rushford Court in Durham and 1st Way Wembley;
    • refinancing portfolios of properties; and
    • strategic environmental and planning advice.

London's leading multidisciplinary university

Location: UK, London

Advising on UCL East, a 1.5 million sq ft development project. The development involves a brownfield site and the designing of a new university complex with a mix of student and staff accommodation.

New York University "Plan 2031" project

Location: U.S., New York

Represented New York University in the development of a master plan and obtained land use approvals for the “Plan 2031” project, a long-term city-wide strategy for growth involving the expansion of the University’s core campus in Greenwich Village.

King’s College London’s purpose-built student development

Location: UK, London

Advising on the Vauxhall student accommodation development scheme for King’s College London which involves a £120 million, 32 storey, purpose-built student development of 553 bedrooms in the heart of Vauxhall and Nine Elms.

  • Owners on direct and indirect acquisitions and disposals of portfolios of student accommodation properties.
  • On planning, forward-funding, development, management, nominations and letting agreements for universities and owner-operators.
  • Investment managers on structuring and equity capital raising for joint ventures and open-ended and closed-end funds investing in the sector.
  • Lenders to student accommodation platforms and businesses. 

We have advised on some of the largest and most high-profile transactions in multiple jurisdictions for market-leading operators, investors and lenders. Our exposure to this sector places us in a unique position in which to add value to our clients.

Adviser to the leading student accommodation provider in the UK

Location: UK, Nationwide

  • Advised Unite Students on a £300 million fundraising for the Unite UK Student Accommodation Fund (USAF);
  • Advised on the £270 million acquisition of the AUB UK Student Accommodation Fund, a portfolio of 2,099 beds across eight properties in London, Durham, Birmingham, York, Oxford, Leeds and Glasgow; and
  • Advising on all real estate matters for the USAF and LSAV (a 50/50 joint venture between the Government of Singapore Investment Corporation and Unite) which has included:
    • acquisitions including Stratford One and Aston Student Village;
    • disposals including the Project Spring Portfolio, Project Mayflower Portfolio and Woburn Place in London;
    • forward funding developments including Beech House in Oxford, Rushford Court in Durham and 1st Way Wembley;
    • refinancing portfolios of properties; and
    • strategic environmental and planning advice.

London's leading multidisciplinary university

Location: UK, London

Advising on UCL East, a 1.5 million sq ft development project. The development involves a brownfield site and the designing of a new university complex with a mix of student and staff accommodation.

New York University "Plan 2031" project

Location: U.S., New York

Represented New York University in the development of a master plan and obtained land use approvals for the “Plan 2031” project, a long-term city-wide strategy for growth involving the expansion of the University’s core campus in Greenwich Village.

King’s College London’s purpose-built student development

Location: UK, London

Advising on the Vauxhall student accommodation development scheme for King’s College London which involves a £120 million, 32 storey, purpose-built student development of 553 bedrooms in the heart of Vauxhall and Nine Elms.

Discover our latest News & Insights

Insights
Sep 29, 2022

Student Accommodation: What is happening in the market? Six key things you need to know

With a huge influx of students this year, both from the UK and abroad, there is high demand for purpose built student accommodation (PBSA). Yet, while there is a lot of willing capital looking to enter this market, as with everything at the moment, the sector faces challenges in the short to medium term, from rising debt and utility costs, build cost inflation and the ever developing building safety regulations. Providers are also under cost pressure looking to the future to ensure that their portfolios are geared up for net zero by 2030 and some of the decisions that they make now will play a big part in demonstrating their commitment to the green agenda.

Discover our latest News & Insights

Insights
Sep 29, 2022
Student Accommodation: What is happening in the market? Six key things you need to know
With a huge influx of students this year, both from the UK and abroad, there is high demand for purpose built student accommodation (PBSA). Yet, while there is a lot of willing capital looking to enter this market, as with everything at the moment, the sector faces challenges in the short to medium term, from rising debt and utility costs, build cost inflation and the ever developing building safety regulations. Providers are also under cost pressure looking to the future to ensure that their portfolios are geared up for net zero by 2030 and some of the decisions that they make now will play a big part in demonstrating their commitment to the green agenda.
Insights
Aug 13, 2020
Real Estate Finance - Student accommodation: Prospects and opportunities

Meet our sector leaders

Celia Berg

Celia Berg

Partner, London

+44 (0) 20 3400 4192
Celia Berg

Celia Berg

Partner, London

+44 (0) 20 3400 4192