Osborne Clarke has advised Moorfield Group, on behalf of the Moorfield Real Estate Fund III, on the disposal of The Printworks in Exeter to BlackRock UK Property Fund for £40m.

The Printworks offers a mix of 492 studio and multi-bedroom apartments with extensive communal facilities. The accommodation is closely situated to Exeter University’s campus and is one of the largest private purpose built schemes in the city. When it opened its doors in 2013, it achieved 100 per cent occupancy.

Moorfield Group is a UK real estate and related private equity fund manager, with around £2 billion currently under management through the Moorfield Real Estate Funds (MREFs.

The Osborne Clarke team was led by Corporate Partner Conrad Davies, and assisted by Senior Associate Adam Love.