Ashurst advises Cheyne on joint venture with Fusion Group for student accommodation site

Global law firm Ashurst has advised Cheyne Capital on a joint venture with Fusion Group for the acquisition and development of a student accommodation site at Brent Cross Town.

The transaction includes in respect of the establishment of the JVA, financing arrangements and the underlying development documents.

Brent Cross Town is a 180-acre, £8bn mixed-use town development in north London which, when complete, will comprise 6,700 new homes of a variety of tenures, workspace for 25,000 people, schools, a high street, leisure spaces and over 50 acres of parks and playing fields.

The GDV Fusion scheme will deliver approximately 650 student beds and associated amenities.

The Ashurst cross border team was led by corporate partner Francesca Downes. She was supported by real estate partner Chris Benbow, construction partner Chris Whitehouse and real estate finance partner Ruth Harris. Counsel David Razzell, senior associates Daisy Pelling and Matthew Loader and associates Elnaz Cadogan and Musawwar Alam also assisted.

Partners Arnaud Julien and Isabelle Lentz supported from Luxembourg with assistance from senior associate Frank Noesen and associates Thécla Madonna and Levani Khutsishvili.