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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.
Jerome Doraisamy
Source: scape.com/en-au/student-accommodation/sydney/abercrombie
Firm: Herbert Smith Freehills (Scape Australia).
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.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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