Macfarlanes advises Realstar Group on financing and acquisition of student accommodation block in London

20 November 2017

Macfarlanes has advised long-standing client Realstar Group, a Canadian real estate investment company, on the acquisition of Ravenscourt House, a 234-bedroom student accommodation block in Hammersmith. Macfarlanes also advised on the financing required to complete the transaction.

This acquisition was undertaken as part of Realstar European Capital III (RECAP III), a fund which focuses on long-term investments in residential properties primarily within Central London. The transaction demonstrates the continued interest from investors in acquiring student accommodation in the UK and the increased focus of this as a real estate asset class.  

A large team from across the firm acted on this matter, with partner Dan Marriott leading the team advising on the real estate elements, alongside corporate partners Nicholas Barclay and Andrew Barton, finance partner Jatinder Bains, tax senior counsel Kirsten Prichard Jones and employment partner Hayley Robinson.