01 May 2018
Shulmans advises on £25m student accommodation scheme
We are pleased to report the legal completion of a £25m commercial property transaction for a student accommodation project in Lincoln.
Kate Johnson led the team, with Jayne Caunce providing advice relating to the Construction elements of the deal.
The nature of the transaction was complex, with our legal team handing the site acquisition and forward funding in favour of Legal and General. We also established a joint venture company to deliver the development and exchanging an agreement to pre-let the building to the University of Lincoln.
Construction is underway, with the project due to complete in September 2019.
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