Simmons & Simmons Advises on Opal Property Group Limited Administration

Simmons & Simmons is advising Grant Thornton on the administration of Opal Property Group Limited, which went into administration last week.

Opal is the UK’s largest private owner of student accommodation with circa 20,000 rooms in 16 UK cities, in conjunction with 14 major higher education institutions. The group went into administration following lengthy debt restructuring discussions and a lender standstill.

The Simmons & Simmons team is led by Restructuring & Insolvency Partner Alan Gar. The team has advised on Opal Property Group’s £1.2bn property debt restructuring and standstill, alongside Linklaters partner Chris Howard who has acted for the steering committee.

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