Ogier play part in £125m student housing scheme
A TEAM at law firm Ogier has advised the Crosslane Property Group on a £125 million joint venture with Harrison Real Estate Capital to develop a student housing scheme.
The team, led by partner Simon Schilder, advised on the Jersey joint venture structure behind the project to build developments in Leeds, Coventry, Portsmouth and Swansea, providing a total 1,294 units of accommodation.
Mr Schilder said: ‘We continue to see a healthy level of real estate interest not just in London, but also around the UK, and investment in opportunities for student housing in particular has been something which we have seen a number of clients looking to take advantage of over the past 12 months or so. Structuring this joint venture between UK and US partners through a Jersey structure neatly demonstrates Jersey’s attraction as a jurisdiction for facilitating international flows of capital for inward investment into the UK.’
The Ogier team, including associate Tara Kapur and trainee solicitor Matthew Davies, worked with Hogan Lovells and Walker Morris on the deal.