Quastels LLP has advised a private investment vehicle on the acquisition of a company owning substantial purpose-built student accommodation assets. The transaction represents a significant addition to the client’s portfolio and showcases Quastels’ strength in delivering complex, multi-disciplinary transactions in-house, drawing on integrated expertise across Real Estate, Corporate, Banking & Finance and Construction teams.
The acquisition, valued at approximately £23 million, involved a multi-layered structure with a split exchange and completion, extensive real estate and construction due diligence, entities in several offshore jurisdictions and the negotiation of new debt financing. The transaction required careful management of the multi-jurisdictional elements, lender repayment and refinancing arrangements, construction documentation, retentions and escrow mechanisms and coordination between a wide range of stakeholders.
The deal was led by Naomi Jones (Partner, Real Estate), Ben Gale (Partner, Corporate) and Jason Greenberg (Partner, Banking & Finance), and was supported by Stephanie Houston (Senior Associate, Construction), Sari Wallace (Senior Associate, Banking & Finance), Jamie Crocker (Solicitor, Corporate) and Imogen Burrows (Trainee Solicitor, Corporate).
Commenting on the deal, Naomi Jones said:
“This was a particularly complex and fast-moving transaction involving numerous moving parts and stakeholders. We are proud to have supported our client in securing an important strategic acquisition and to have demonstrated the depth of our in-house cross-disciplinary expertise in the process.”
The deal further demonstrates Quastels’ growing profile in the lower mid-market, with the firm increasingly instructed on high-value, technically challenging cross-border mandates requiring real estate, corporate and financing expertise to deliver cohesive solutions to our clients.
