Mourant advises Places for People on new £300m joint venture with Universities Superannuation Scheme
11 June 2018
Mourant has advised Places for People (PfP) on a new £300m joint venture with Universities Superannuation Scheme (USS).
The joint venture between PfP and USS will predominately invest in the UK's private rented sector. The initial investment of the joint venture will be a portfolio of residential assets valued at £150m spread across the UK that includes a range of modern, mid-market properties, with a high occupancy rate. It is intended that the joint venture will acquire further private rented properties and developments in the UK.
The team at Mourant Ozannes, which was led by Joel Hernandez and assisted by Gabby Kellogg, Ellie Oury and Rachel McGinness, provided Jersey structuring advice in connection with the joint venture.
Mourant Ozannes worked alongside Greenberg Traurig, LLP in the UK.