Reed Smith Advised Art-Invest Real Estate On £350m+ Disposal At Dockside Canada Water
Global law firm Reed Smith LLP has advised investor and developer Art-Invest Real Estate on the sale of Plot B at
Reed Smith Advised Art-Invest Real Estate On £350m+ Disposal At Dockside Canada Water
Global law firm Reed Smith LLP has advised investor and developer Art-Invest Real Estate on the sale of Plot B at Dockside Canada Water to Fusion Group and Cheyne Capital. The transaction, which is expected to complete later this month, enables the delivery of a major student-led residential scheme in one of London’s most significant regeneration areas.
The scheme will comprise 742 purpose-built student accommodation (PBSA) beds and 79 C3 affordable homes, forming a central component of Art-Invest’s wider Dockside masterplan and contributing to the expansion of the emerging education and innovation quarter at Canada Water. The project is expected to have a gross development value in excess of £350 million. Art-Invest will retain an interest in Plot B following the disposal.
Reed Smith advised Art-Invest on all legal aspects of the sale.
The deal supports Fusion and Cheyne’s continued expansion in the PBSA sector, including their pipeline to deliver more than 12,000 operational beds by 2030 and marks their third partnership in London. For Canada Water, it represents another step forward in the transformation of the area into a vibrant mixed-use district anchored by British Land’s 53-acre town centre development.
This transaction further underscores Reed Smith’s significant experience advising on high-value real estate development and investment matters, particularly in London’s large-scale regeneration projects and in the rapidly expanding UK student accommodation market.
CBRE and ACRE Capital advised Art-Invest on the commercial aspects of the disposal.
Reed Smith LLP team was led by Graham M. Reid (Consultant), Brigid North (Partner), Laura Riddeck (Partner), Delphine Currie (Partner), Jason Richardson (Partner), Caspar Fox (Partner), and Charlotte MacArthur (Associate), Elia Kitromilides (Associate), Ciaran Sweeney (Associate), Roxana Burghel (Associate), and Victoria Bryden (Counsel).
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