University Partnerships Programme’s Rooms Acquisition Deal


Addleshaw Goddard advised University Partnerships Programme on a deal worth £43 million with St Modwen Developments, Swansea University and Swan Global Education LLP.

The deal represents the latest phase in the partnership between UPP and Swansea University, and follows on from the transaction in February 2018, valued at circa £98 million, which saw Addleshaw Goddard advising UPP on the complex acquisition and funding of 2,021 rooms, for which Addleshaw Goddard won Professional Team of the Year at the 2019 Student Accommodation Awards and the transaction won Best Financial Structure at the Partnership Awards 2019.

This new deal means that UPP now operates 2,432 rooms on the Bay Campus, with a total UK portfolio of over 35,000 rooms with 15 leading UK universities, either in operation or under construction.

UPP Group Holdings Limited, also known as University Partnerships Programme (UPP), is a real estate investment trust and landlord that is a provider of on-campus residential and academic accommodation infrastructure in the United Kingdom.

The Addleshaw Goddard team was led by partner Adrian Collins (Picture) and managing associates Hanan Taousi-Chahboun (Real Estate) and Ian Kynoch (Real Estate Finance) and included a large team from across the firm, including Julia Court, Marcel Marquardt, Sarah Wright, Peter Sayer and Chris Connors.

Involved fees earner: Adrian Collins – Addleshaw Goddard; Chris Connors – Addleshaw Goddard; Julia Court – Addleshaw Goddard; Ian Kynoch – Addleshaw Goddard; Marcel Marquardt – Addleshaw Goddard; Peter Sayer – Addleshaw Goddard; Hanan Taousi-Chahboun – Addleshaw Goddard; Sarah Wright – Addleshaw Goddard;

Law Firms: Addleshaw Goddard;

Clients: UPP Ltd.;

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