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Scape Australia advised on $2bn Urbanest acquisition

Student accommodation business Scape Australia has acquired the $2 billion portfolio of dorms run by Urbanest.

user iconJerome Doraisamy 20 December 2019 Big Law
Scape Australia

Source: scape.com/en-au/student-accommodation/sydney/abercrombie

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Firm: Herbert Smith Freehills (Scape Australia).

Deal: Herbert Smith Freehills has advised Scape Australia on its acquisition of the $2 billion portfolio of dorms run by Urbanest.

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Area: Real estate.

Value: $2 billion.

Key players: The HSF team was comprised of lawyers from its real estate, finance and corporate teams in both Melbourne and Sydney.

Deal significance: Speaking about the deal, HSF head of real estate David Sinn said: “We are delighted to have supported Scape on this truly iconic transaction, and to see them continue to emerge as a standout player in student accommodation in Australia.”

“This is an exciting time for the sector, with significant growth across the country in recent years, and we’ve no doubt Scape will continue to go from strength to strength,” he said.

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