Mishcon de Reya has advised Fusion Group and Cheyne Capital on the acquisition of Plot B at Dockside Canada Water from Art-Invest Real Estate. The transaction paves the way for the delivery of 742 purpose-built student accommodation beds and 79 affordable homes, supporting the development of a vibrant new community in one of London's fastest-growing districts.
Edward Hughes-Power, Commercial Real Estate Partner at Mishcon de Reya, commented: "We are delighted to have supported Fusion and Cheyne Capital on this landmark deal, which will deliver much-needed student and affordable housing in London. It is further evidence that PBSA continues to outperform other sectors, driven by sustained student demand and investors who value certainty and stable occupancy. This project is a testament to the collaborative approach of all parties and reflects our commitment to help facilitate innovative developments in the living sector."
Adam Cohen, Group Managing Director at Fusion Group stated: "We are delighted to complete this important acquisition at Canada Water. Mishcon de Reya's expertise in the living sector and their commercial and collaborative approach were invaluable in achieving a successful outcome."
The Mishcon de Reya team was led by Edward Hughes-Power and Corporate Partner Dean Poster, with support from Amy Davidson (Associate, Corporate), Carolina Lung (Associate, Corporate), Claire Hartley (Of Counsel, Commercial Real Estate), Ceinwen Hayes (Partner, Tax), Jade Pilling (Managing Associate, Tax) and Martyn Hanmore (Consultant, Planning).
The scheme marks the eighth project delivered in partnership between Fusion and Cheyne, further strengthening their track record of bringing high-quality, sustainable living spaces to key UK locations. Mishcon de Reya is pleased to have played a role in progressing this significant development and supporting the ongoing evolution of the Canada Water masterplan.
With over 140 fee earners, including 46 partners, Mishcon de Reya's Real Estate department is one of London's largest and most diverse property teams. Our Real Estate department includes well-regarded specialist practice areas and provides a one-stop shop for all of our clients' property requirements, delivering a seamless service from investment, structuring, funding, acquisition and planning, through to construction, development, tax and litigation advice. Real Estate is one of the three key strategic sectors outlined in the firm's Vision 2030.