Harneys advises on £1.1 billion sale of property management portfolio

Harneys advised Brandeaux, a student accommodation fund manager, on the sale of its Liberty Living property management portfolio to the Canada Pension Plan Investment Board ("CPPIB") for £1.1 billion.

Liberty Living was one of the United Kingdom's biggest private student accommodation providers. It operated 41 properties and more than 16,700 rooms across the United Kingdom.

Harneys also advised the HSBC Bank plc and The Royal Bank of Scotland plc lead syndicate and the noteholders on the transfer of Liberty's £200 million bank loans and US$155 million loan notes to CPPIB.