PDT Solicitors advises Sunley on the disposal of student accommodation investment
Published: 29 April 2019
PDT Solicitors real estate team have advised Sunley on the disposal of student accommodation investment.
"We have worked alongside PDT for a number of years on this asset throughout the initial planning and development stages, subsequent financing, tenant lettings, a further planning consent, and final disposal, and have been grateful for the continued support and advice"
Rory Gleeson, Director, Sunley Holdings Ltd
Sunley built and developed the purpose-built student accommodation at the heart of West London’s thriving university heartland.
The development which also included retail units let to Tesco, Pret a Manger and Caffé Nero was constructed by Sunley in 2011 following a successful planning application, has proved to be a significant income producing asset, and represents a significant move in the student accommodation space. The sale at above £22m demonstrated the continued strength in this sector.
James Clewlow at PDT commented “We worked with Sunley from the beginning of the development and were pleased that the final disposal was concluded smoothly with a sensible, practical approach from CMS Lawyers acting for the buyer and from Dentons acting for existing funders.”
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