Bedell Cristin acts for the Unite UK Student Accommodation Fund (USAF)

26 Aug 2014

Bedell Cristin acted for the Unite UK Student Accommodation Fund (USAF) in relation to its acquisition of a 2,904 bed student accommodation portfolio for £137 million. 

The portfolio comprises nine regional assets and represents the entire portfolio of what was known as the Cordea Savills Student Hall Fund, a private student accommodation fund.

Bruce Scott and Tom Davies from Bedell Cristin's London office advised on the Jersey law aspects of the transaction, working alongside Nabarro as lead counsel.
 
USAF is Europe's largest non-listed real estate fund that purely focuses on student accommodation investment assets.  The £1.5 billion Fund is an open-ended infinite life vehicle.