INSIGHT
Building Safety Levy: Challenges for BTR and PBSA19 May 2025
By Nikita Asher and Lydia Jones
Student accommodation has been one of the most active alternative investment classes in the real estate market in many countries in recent years. Students choosing purpose built accommodation have become accustomed to convenience, high specifications and additional services and amenities.
From understanding the need for universities to attract students, to the intricacies of the ongoing management, we have hands on experience of delivering major projects.
We act for universities, accommodation providers, developers, contractors and investors (both equity and debt finance). We also act for a number of sovereign wealth funds and overseas investors which allows us to, where appropriate and beneficial, introduce clients to each other where there is a synergy to them working together.
An ability to manage projects from inception to completion is one of our core strengths. We have specialist teams who provide advice at all stages of a project, from structuring and funding the acquisition or investment through to disposal by sale, listing or conversion to a Real Estate Investment Trust (REIT). Upon an exit, we can advise on the structuring and tax implications of the various routes available, from a conventional sale (of property itself or the shares in a property special purpose vehicle) through to listing or becoming a REIT.
Our team acts for both developers and purchasers/investors on direct let developments. Understanding the needs and concerns of developers and investors, both private and institutional, allows us to advise on the structure and risk profile of a scheme.
We have acted for a number of clients who have either acquired sites to develop halls of residence or acquired sites containing existing halls of residence. A secure income stream is key for the viability of the halls and this has been obtained through a nomination agreement with a university or a higher education provider.
We have advised Middle East based private equity and Islamic investors on a number of major UK student accommodation investment transactions. We have devised bespoke, Shari'ah compliant structures enabling clients to leverage their investment with conventional debt whilst minimising tax leakage on returns.
In brief
19 May 2025
By Nikita Asher and Lydia Jones
08 May 2025
By Nikita Asher and Rob Walker
02 October 2024
By Nikita Asher
11 September 2024
By Ivy Acorda and Nikita Asher