BCLP acts for Unite on the £184 million sale of six sites to PGIM

BCLP advised The Unite Group Plc on the sale of six purpose-built student accommodation (PBSA) assets to PGIM Real Estate for £184 million. The assets are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield and comprise 2,984 beds.

Unite is the largest owner, manager and developer of PBSA assets in the UK.

The BCLP team was led by Celia Berg (Partner, Real Estate), working with Katie Pugh (Senior Associate, Real Estate), Eleanor Willatts (Senior Associate, Real Estate), Jessica Loechner (Senior Associate, Real Estate), Grace Watling (Associate, Real Estate), Hannah Guest (Associate, Real Estate), Charlotte Scott (Associate, Real Estate), Bim Akinsanya (Trainee, Real Estate), Nick Harding (Senior Associate, Planning and Zoning), Jon Cooper (Senior Associate, Tax), Elizabeth Bradley (Partner, Tax), Maite Aguirre Quinonero (Trainee, Tax), Jemima Rawding (Trainee, Employment) , Karen English (Associate Director, Real Estate), Katie Philpot (Senior Associate, Real Estate Due Diligence), Madeleine Lofchy (Associate, Planning and Zoning), Mark Johnston (Associate, Real Estate), Mark Kaye (Senior Associate, Employment), Megan Griffiths (Associate, Planning and Zoning , Morgan James (Senior Associate, Tax), Patricia Johnston (Senior Associate, Real Estate Due Diligence), Sally Anyon (Senior Associate, Real Estate Due Diligence), Sam Burke (Senior Associate, Real Estate Finance), Sarah Carr-Baugh (Senior Associate, Real Estate Due Diligence) and Stephanie Cannon (Senior Associate, Real Estate).

Mishcon de Reya acted for PGIM Real Estate.