Leading legal advisors to the student accommodation sector
A dynamic area within the real estate market, the student accommodation sector has grown rapidly over recent years. The sector has a proven, resilient track record and is viewed as a key investment opportunity by many prominent UK investment funds. It is also attracting significant interest from the international investment community.
Forsters has a strong track record of working with investors, real estate funds and developers within the student accommodation sector. The firm’s ability to provide the full range of services - from site acquisition, to ongoing strategic management and then disposal – puts us in a strong position to provide strategic and commercial legal advice to ensure best value is achieved.
We can bring together the specific expertise required to serve the needs of investors and developers in the sector. Our experience is extensive and covers:
- Site acquisition and disposal
- Forward fundings
- Debt finance
- Nomination agreements
- Construction contracts
- Construction disputes (including cladding issues)
- Development management agreements
- Planning consents/S106 agreements
- Property and facilities management agreements
- Joint venture agreements
- ASTs and licences
- Rent arrears and disputes
- Tax planning (particularly VAT considerations)
Our track record
We are proud to have acted for a number of our key clients in this sector including:
- BMO Real Estate Partners
- British Airways Pension Fund
- HG Developments/Construction
- LaSalle Investment Management
- Patrizia Property Investment Managers
- Q Investment Partners
On Tuesday 22 September 2020 we attended the virtual Student Housing Conference 2020. The overall message from the many speakers was one of positivity and optimism – read our 5 takeaways from the event.
The last few years has seen an increasing focus on modular buildings as a potential solution to the UK’s housing crisis. The Housing White Paper, published in early 2017, made reference to diversifying the housing market by promoting more modular and factory built homes – but how does this method of construction differ from the market-norm?
Forsters has advised a pension fund managed by LaSalle Investment Management (LIM) in relation to the forward funding of a student accommodation scheme in the Eastside Locks area of Birmingham for a price in excess of £43 million.