Dentons Advises Apollo Global Management on £500 Million PBSA Portfolio Sale
Dentons, a leading global law firm, has successfully advised funds managed by Apollo Global Management on the sale of an eight-property UK Purpose Built Student Accommodation (PBSA) portfolio to QuadReal Property Group for over £500 million.
PbsaReal EstateStudent AccommodationApollo Global ManagementDentonsReal EstateAug 09, 2025
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-bedroom Bridle Works in Glasgow, and the 209-bed Chamberlain Place in Birmingham.
A Dentons team led by London real estate partner Simon Masri advised Apollo on the transaction. Commenting on the deal, Simon said, “We are delighted to have advised Apollo Global Management on the sale of these high-quality assets in key Russell Group locations. We are continuing to see investors having confidence in the long-term growth and resilience of the PBSA sector.”
Simon was assisted by corporate partner Matthew Tinger, corporate associate Daniel Kaye, and Construction counsel Bruce Hale. The team's expertise in real estate and corporate law was crucial in ensuring a smooth and successful transaction.
The PBSA sector has seen significant growth in recent years, driven by increasing demand from students and the need for high-quality, purpose-built accommodation. This transaction highlights the sector's appeal to investors looking for stable, long-term returns. Dentons' involvement in this deal further cements its reputation as a leading advisor in the real estate and student accommodation markets.
For more information about Dentons, visit their official website. Dentons is a global law firm with a presence in over 76 countries, providing a wide range of legal services to clients across various industries. The firm's commitment to excellence and client service has made it a trusted advisor for some of the world's largest and most innovative companies.
Frequently Asked Questions
What is PBSA?
PBSA stands for Purpose Built Student Accommodation. It refers to properties specifically designed and built to provide accommodation for students, offering amenities and services tailored to their needs.
Who is Apollo Global Management?
Apollo Global Management is a leading global alternative investment manager with extensive experience in private equity, credit, and real estate investments. They manage funds that invest in various sectors, including real estate and student accommodation.
What is the value of the PBSA portfolio sold by Apollo?
The PBSA portfolio sold by Apollo Global Management to QuadReal Property Group is valued at over £500 million.
How many beds are included in the PBSA portfolio?
The PBSA portfolio includes 3,460 beds across eight properties in key UK locations.
Who led the Dentons team advising Apollo on the transaction?
The Dentons team advising Apollo on the transaction was led by London real estate partner Simon Masri.
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