BCLP Advises Cheyne Capital on Joint Venture with Regal for Student Accommodation Development

International law firm BCLP has advised Cheyne Capital on its joint venture with Regal to develop two purpose-built student accommodation (PBSA) buildings in Wembley, North West London. The development is targeting BREEAM “Outstanding” and will seek to be amongst the first PBSA projects in the UK to be WELL Platinum certified. The scheme will deliver 998 student bedrooms and incorporate new public realm areas with accessible greenery, seating and play spaces while helping to meet London’s student demand by providing convenient access to universities including Regent’s College London, Middlesex University, the University of Westminster, and the University Campus of Football Business.

Benedict West, Partner for Real Estate Finance at BCLP, commented: “We are delighted to have worked with long-standing client Cheyne Capital on their investment in this significant development. The BCLP team collaborated to deliver this transaction and bring all of the workstreams together across finance, corporate, real estate, planning, construction and tax. This transaction underlines BCLP’s strength in depth and expertise across all aspects of real estate.”

Hamish Gordon for Cheyne Real Estate, commented: “We are delighted to be partnering with Regal again for one of the largest PBSA developments in London. We thank BCLP for their support on this transaction and look forward to working with the team again in the near future.”

The BCLP team was led by Benedict West (Partner, Real Estate Finance), supported by Sam Burke (Senior Associate, Real Estate Finance), Joshua Patterson (Associate, Real Estate Finance) and Rohin Kanji (Trainee, Real Estate Finance), working with a cross-departmental team including Lukes Mines (Partner, Corporate Real Estate Funds), George Dunne (Associate, Corporate Real Estate Funds), Katharina Jungclaussen (Associate, Corporate Real Estate Funds) and Harriet Lowe (Trainee, Corporate Real Estate Funds); Sam Narula (Partner, Real Estate), Thomas Pearman (Senior Associate, Real Estate), Giles Williams (Senior Associate – Due Diligence, Real Estate), Christen Wallner (Associate, Real Estate) and Madeline Thompson (Solicitor Apprentice, Real Estate); Rosalind Nuttall (Senior Associate, Planning & Zoning); Mark Godfrey (Associate Director, Commercial Construction) and Rayanne Ibrahim (Associate, Commercial Construction); Edward Gardner (Senior Associate, Arbitration, Real Estate and Construction Disputes) and Robert Hodgson (Associate, Arbitration, Real Estate and Construction Disputes); and Andrew Cromb (Senior Associate, Tax) and Sarah Johnson (Associate, Tax).