12 May 2022
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.
Bedell Cristin's team was led by partner Bruce Scott and associate Daniel McAviney.