Paul Hastings Advises BaseCamp on Sale of €939 Million European Student Accommodation Portfolio to Xior Student Housing

June 27, 2022

London – Paul Hastings LLP, a leading global law firm, advised BaseCamp Group Ltd (“BaseCamp”), European Student Housing Fund I ("ESHF I") and European Student Housing Fund II ("ESHF II") (together the "Sellers"), on the sale of a portfolio of 11 private student and residential accommodation assets to Xior Student Housing NV (“Xior”), together with BaseCamp Group entities that are responsible for BaseCamp's property management and property development operations.

Completion of the transaction is subject to the approval of Xior's shareholders.

The transaction creates continental Europe’s largest student accommodation platform and is expected to close by the end of September 2023.

BaseCamp is a developer and operator of student housing, specialised in creating smart student living spaces perfectly located to universities. BaseCamp's extensive high quality portfolio is comprised of eight state of the art operational assets totalling 3,635 units, located in cities with exceptionally strong student demand in Germany, Denmark and Poland, and offering a unique student accommodation experience. In addition the transaction includes three projects under development totalling 1,706 units in Germany, Denmark and Sweden.

The Paul Hastings team was led by M&A partner Garrett Hayes, principally supported by Jacob Massey, with additional corporate support provided by Catherine Kennedy, Robert Williams and Sam Waite. Tax support was provided by Tax Partner Arun Birla and Jee Yoon Chung.

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. It is one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

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