Mourant Ozannes has advised an affiliate of Greystar Real Estate Partners on the £174 million acquisition of a portfolio of student properties in London from Oasis Capital (a joint venture between Oasis Capital Bank and Unite Group plc).
The three developments within the portfolio (Woodland Court, Wedgwood Court and Great Suffolk Street) total 1,129 student beds. Greystar is the largest student accommodation group in the US. Since its first acquisition in the UK in September 2013 Greystar has gone on to acquire over 30,000 student rooms in the UK and is now the largest student accommodation owner in the UK.
The finance and corporate team at Mourant Ozannes was led by partner James Hill and assisted by Iain Millar and Jon Le Rossignol.
Jones Day acted as English legal advisers to Greystar, while Nabarro and Bedell Cristin provided Jersey legal advice to the sellers.