Osborne Clarke has advised long-standing client, global student accommodation specialist Campus Living Villages (CLV) on the acquisition of 8 student accommodation blocks from the administrators of Opal Property Group (Opal). The accommodation blocks were marketed following the collapse of Opal in March 2013.

The 8 blocks, described by property agent DTZ as ‘high quality stock’, are located in Liverpool, Manchester, Leeds, Birmingham, Nottingham, Newport and Greenwich. The acquisition of the blocks represents a significant expansion of CLVs investment portfolio in the UK.

Chris Wade, Osborne Clarkes Head of Infrastructure, who led the team advising CLV, said:

“CLV is known for investing in high quality student accommodation, particularly in Australia and the US but is rapidly expanding in the UK. These new acquisitions have expanded its UK portfolio at a particularly exciting time for the student accommodation market and put CLV on a par with the leading UK players.”

The OC team advising CLV was led by Projects Partner , Chris Wade together with Nigel Boobier – Head of Restructuring and Andy Normington who lead the bond finance team.