Ogier's Jersey office has advised longstanding client City Developments Limited (CDL) on the acquisition of a portfolio of four purpose-built student accommodation developments from Harrison Street Real Estate for a gross purchase price of £185m.
Working alongside English counsel at Herbert Smith Freehills, Ogier acted on all Jersey elements of the transaction, in which CDL purchased assets in Birmingham, Canterbury, Coventry and Leeds. Together the assets hold a total of 1,657 beds.
Ogier's legal and corporate administration teams worked together on the transaction. The legal team was led by Partners James Fox and Richard Daggett, assisted by Senior Associate Alex Fisher and Associate Marcela Tudose.
The corporate administration team was led by Director Lawrie Cunningham, assisted by Manager Jonny Falle and Senior Administrator Chloe Crouch.