18 December 2019
Greenwoods & Herbert Smith Freehills has advised Scape Australia on the creation of the AUD$4.0bn Scape Core Fund (SCF) including the acquisition of its seed investments: the 14 asset AUD$2.1bn Urbanest portfolio and the AUD$0.7bn Atira portfolio, comprising six facilities in Melbourne, Brisbane and Adelaide. Greenwoods advised on a complex mix of direct acquisitions of property, as well as the acquisition of property owning entities and operating businesses.
“These transactions see the merger of the largest student accommodation providers in the country to form one, by far and away the largest provider of student accommodation in Australia, leading the way in Australia’s booming student accommodation market” said Manuel Makas, Managing Director and Head of Real Estate at Greenwoods.
Manuel Makas led the Greenwoods team, including Directors Nick Heggart, Andrew Howe, Daniel Sydes and Senior Associate Chris Aboud.
Managing Partner, Head of Real Estate
Partner, Head of Energy & Resources