Advising funds managed by Apollo on £500m portfolio sale

Our team in Jersey has advised funds managed by Apollo Global Management (Apollo) on aspects of the sale of an eight property UK Purpose Built Student Accommodation (PBSA) portfolio to QuadReal Property Group for more than £500m.

The team was led by Investment Funds & Corporate partner Tatiana Collins and Banking & Finance partner James Lydeard.  

The student properties sold comprise 3,460 beds across eight assets including: the 699-bed Pavilion Court in Wembley, the 576-bed Crown Place in Portsmouth, the 374-bed Crown Place in Cardiff, the 705-bed Crown Place in Norwich, the 225-bed Silk Mill in Edinburgh, the 250-bedroom Hillside House in Sheffield, the 422-bed Bridle Works in Glasgow and the 209-bed Chamberlain Place in Birmingham.

Commenting on the deal, James said: "We're pleased to have supported Apollo with its strategic disposal of these high-quality assets in key Russell Group locations. The PBSA sector remains buoyant and we expect to see continued activity in the space through the remainder of 2025 and into 2026."

Tatiana added: "We're delighted to have advised Apollo on this matter - an excellent demonstration of our strong multi-disciplinary offering. Our Investment Funds & Corporate and Banking & Finance teams regularly work together to deliver a seamless full service on complex financial transactions."

Tatiana and James were assisted by Investment Funds & Corporate senior counsel Ruth Donnellan, Banking & Finance senior associate Rebecca Lever and Investment Funds & Corporate associate Angharad Prescott.