London—Dentons has advised the Singapore based investors Woh Hup, Lee Kim Tah Holdings, Metro Holdings and Way Capital on their purchase of the newly constructed purpose built student accommodation, the award winning Dean Street Works, from development partners Atlas Land LTD and Studio HIVE LTD in Bristol, with a novation and variation of the management agreement with Homes for Students. 

Completed in September 2020, Dean Street Works has 44 studios and 181 en-suite beds over 6 floors and includes 1,025 square feet of communal space, dedicated reception, landscaped internal courtyard, on-site laundry and 64 secure cycle spaces. 

The purchase follows on from the investors' acquisition of PBSA at Red Queen, Warwick in December 2020 where Dentons also advised. 

Simon Masri, Real Estate partner at Dentons, said, "Located close to the University of Bristol and Bristol's city centre, this will be a great addition to our clients' growing purpose built student accommodation portfolio. The Bristol market is seeing sustained occupancy levels despite COVID challenges and we are delighted to have assisted our clients in securing this asset." 

Simon Masri led on the transaction with assistance from Real Estate senior associate Laura Gowing, Construction senior associate Bruce Hale, Tax counsel Alastair MacLeod, Real Estate associate John Young, Planning and Public Law team support manager Melanie Blanchard and Employment senior associate Verity Buckingham. 

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