Macfarlanes advises L&G on £43m acquisition of purpose built student accommodation Stanley Studios

Macfarlanes has advised L&G’s Student Living Ltd fund on its acquisition of high quality purpose built student accommodation asset Stanley Studios in Southampton for £43m from Brookfield Asset Management. 

Stanley Studios is a high quality asset comprising 245 rooms, including 177 studio apartments and 68 two bed apartments, with an extensive range of amenities including a private lounge, study room, library, dining room, cinema, gym and games room. 

Andrew Hughes, Private Capital Real Estate Partner, said: “Stanley Studios is an exceptional asset in a prime university city, and this transaction underscores the sustained institutional appetite for premium student housing, particularly in locations with limited development pipelines. It was a pleasure to work with the L&G team on bringing this deal to completion.”

The transaction was led by Private Capital Real Estate Partner Andrew Hughes, with support from Senior Counsel Laurie Fletcher, Senior Associates Rebecca Rose and Andrew Wheelhouse, and Associates Jake Simons, Rhiya Lall, and Mark Ngu.