Norton Rose Fulbright has advised Quintain Estates and Development plc (Quintain) on the sale of its interest in iQ - a student accommodation portfolio.

Quintain, the London investment and development specialist, disposed of its 50 per cent interest in the iQ student accommodation joint venture to its partner, Wellcome Trust, for £106.4 million.

iQ owns over 5000 student bedrooms and is one of the UK’s largest and most successful operators in this sector. Quintain will continue to provide certain services to iQ for a transitional period.

The team was led by Simon Sackman, assisted by Claire O’Donnell, Mark Lloyd Williams, John Challoner and Nick Howard.