Andrew Jackson advises Kexgill Group on £63.5 million worth of property deals

Andrew Jackson Solicitors has advised Kexgill Group, one of the largest still privately-owned student accommodation specialists in the UK, on transactions with a combined value in excess of £63.5 million over the past 12 months.

Andrew Jackson property partner Helen Mellors led a multi-disciplinary legal team that advised Kexgill on the readjustment of its Leeds property portfolio through the sale of student accommodation and its city-based office premises, worth more than £7 million.

July saw the final tranche of the £45 million University Quarter in Hull investment legally complete. A further £6.5 million sale is also in the pipeline.

The team, which also comprised Mark Davies (banking), Samuel Peake (property), Fiona Phillips (tax) and Nick Wilson (employment), advised Kexgill on the £1 million purchase of two student accommodation buildings in Nottingham, which will strengthen and support its existing portfolio in the city.

A further purchase of student accommodation close to Newcastle University, worth almost £4 million, is set to be completed at the end of August.

Richard Stott, managing director of the Kexgill Group, said: “Andrew Jackson Solicitors understand our expansion requirement which includes Germany and Portugal combined with readjustment of the UK portfolio. We have confidence in their commercial acumen which is always helpful.

“Andrew Jackson continues to ensure that our best interests are looked after in fairly complex, multi-property transactions. It’s an exciting period of growth for Kexgill, both regionally and nationally, so it’s vital to know that our legal interests are in safe hands. Helen and the Andrew Jackson team are able to work as an extension of our own and have a solid knowledge of our particular requirements and commercial objectives.” 

Mellors added: “Our client relationship with Kexgill spans over 25 years, so we are particularly delighted to work with Richard and his team, as they continue to grow successfully and realise their ambitions.”

Pictured: The Terrace site on Cranbrook Avenue, Hull