Global law firm Ashurst is advising long-standing client Barings on the £101m acquisition of purpose-built student accommodation in Vauxhall, London in joint venture with Rosethorn Capital.
Ashurst's role has encompassed advising on the joint venture arrangements, debt, and tax structuring.
The Ashurst multidisciplinary team was led by real estate partner Tim Regis. He was supported by senior associate Aoife Devlin and solicitor apprentice Coinneach Pellow. Partner Ruth Harris and Daisy Pelling led on the debt side. Tax partner Tim Gummer and Counsel Sophie Lloyd advised on structuring and tax.
Commenting on the transaction, Tim Regis said, "We are proud to continue to support Barings in their joint venture and acquisition work and particularly in their expansion in the UK living sector; this marks the fourth JV arrangement we have supported them on in the last four years across different asset classes. The transaction underlines our team's deep expertise in delivering complex, high-value real estate joint venture deals and our strength in providing integrated, commercial, and pragmatic advice."
