"Chris Stewart Group Sells £60M Martha Street Apartments in Glasgow to US Investor"

"Shoosmiths has advised Chris Stewart Group on the sale of Martha Street Apartments, a 20-storey student accommodation tower in Glasgow, for nearly £60 million. The 275-bed development was purchased by US investor Harbert Management Corporation, with Abodus Student Living as the operational partner. This sale is part of Chris Stewart Group's £120 million Love Loan regeneration project, which aims to enhance the area around George Square. The project includes various amenities and emphasizes sustainable design. Shoosmiths played a crucial role in the transaction, marking a significant milestone for Glasgow's student accommodation market."

**Law Firms Involved in the Transaction:** Shoosmiths LLP advised Chris Stewart Group on the sale of Martha Street Apartments. **Transaction Overview:** The transaction involved the sale of Martha Street Apartments, a 20-storey purpose-built student accommodation (PBSA) tower located in Glasgow city centre, for nearly £60 million. The 275-bed development was acquired by US investor Harbert Management Corporation, with Abodus Student Living appointed as the operational partner. This deal represents the final phase of Chris Stewart Group’s £120 million Love Loan regeneration project, which has revitalized a significant area off George Square, incorporating various amenities including an AC Hotel by Marriott and leisure spaces. **Lawyers Involved:** The Shoosmiths team was led by real estate partners Lauren Miller and Barry McKeown. Lauren Miller is a real estate partner, while Barry McKeown serves as the head of real estate Scotland at Shoosmiths.

"Chris Stewart Group Sells £60M Martha Street Apartments in Glasgow to US Investor"

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