Greystar Acquires Student Accommodation Assets in Exeter and Cardiff
Deal News | Jan 27, 2025 | Travers Smith
Travers Smith LLP has provided legal advice to Greystar for their acquisition of two purpose-built student accommodation (PBSA) assets under 'The Neighbourhood' brand, located in the prime student areas of Cardiff and Exeter. This acquisition adds 400 beds to Greystar's growing portfolio in the UK, which now surpasses 35,000 beds. The deal was managed by a comprehensive team at Travers Smith, including expertise from their Corporate, Finance, Real Estate, Planning, Construction, and Tax divisions.
Sectors
- Real Estate
- Legal Services
- Education
Geography
- United Kingdom – The transactions involve properties located in Cardiff and Exeter, which are cities in the UK.
Industry
- Real Estate – The acquisition involves real estate assets specifically focused on purpose-built student accommodation.
- Legal Services – Travers Smith LLP provided legal advisory services for this acquisition.
- Education – The assets acquired are purpose-built student accommodation, directly related to the education sector.
Financials
- 400 beds – The number of beds added to Greystar's student accommodation portfolio as a result of the acquisition.
- 35,000 beds – The total size of Greystar's UK student accommodation portfolio after the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greystar | Bidding Company | Company | An international real estate and rental housing developer with a focus on acquisition and management of student accommodation. |
| The Neighbourhood | Target Company | Company | The company from which Greystar acquired the student accommodation properties in Cardiff and Exeter. |
| Travers Smith LLP | Legal Advisor | Company | A law firm that provided legal advisory services to Greystar for this transaction. |
| Jon Reddington | Corporate Partner | Person | Corporate Partner at Travers Smith leading the legal advisory team. |
| Alex Millar | Real Estate Partner | Person | Real Estate Partner at Travers Smith advising on the transaction. |
| Ella Price | Associate | Person | Associate at Travers Smith part of the advisory team. |
| Alastair Lowson | Associate | Person | Associate at Travers Smith part of the advisory team. |
| Chris Towland | Associate | Person | Associate at Travers Smith part of the advisory team. |
| Jamie McKie | Head of Planning | Person | Head of Planning at Travers Smith providing specialist advice. |
| Ed Colclough | Head of Construction | Person | Head of Construction at Travers Smith providing specialist advice. |
| Russell Warren | Head of Tax | Person | Head of Tax at Travers Smith providing specialist advice. |