GSK Stockmann in Luxembourg and Nabarro in the United Kingdom have advised GSA, the global student accommodation leader and GIC, Singapore’s sovereign wealth fund, on their acquisition of Threesixty Developments’ 7,150 bed UK student accommodation portfolio from Oaktree Capital Management.

The transaction is the largest UK student accommodation deal this year. Being built during the last three years, the portfolio includes 3,634 operational beds across nine purpose-built student accommodation properties located in the six university cities Liverpool, Bristol, London, Edinburgh, Cardiff and Southampton. As well, the deal includes a pipeline of 3,516 beds in five other UK cities, which will be launched by GSA within the next 2.5 years.

Additionally, GSA has acquired the operating platform of The Student Housing Company, one of the UK’s best-known student accommodation brands.

GSK Stockmann comprehensively advised GSA and GIC, in particular on all Luxembourg corporate and finance issues in connection with the due diligence process, the implementation of the bid structure in Luxembourg and the transaction.

Advisors to GSA/GIC:

GSK Luxembourg SA as to Luxembourg law: Dr. Philipp Mößner (Lead, Corporate and Finance), Anna Lindner, Aisling Ward, Thao Nguyen and Chara Papagiannidi (all Corporate and Finance)

Nabarro as to UK law: Victoria Henry, Christopher Luck (both Funds and Indirect Real Assets), Nick Collins, Marie Scott (both Real Estate)