London—Leading global law firm Dentons advised Arora Group on its acquisition of the former Heythorp College, a 2.7-acre site situated on Kensington Square. The site has a gross development value of over £750 million.
The property benefits from planning consent for a 333,782 square feet senior living scheme comprising 142 senior housing apartments, five affordable housing apartments, three private residential townhouses and a community hall.
The Arora Group is one of the UK’s largest private owner operator of hotels and owns and manages a diverse portfolio of flagship assets across the nation’s key business locations, partnering with some of the world’s most recognised brands to deliver consistently high service levels and sustainable growth.
The Dentons team advising Arora Group on this acquisition was led by Real Estate Partner Simon Masri. He said, “We were delighted to advise Arora Group on its significant acquisition of the former Heythorp College, a unique large site located in the heart of Kensington, which offers them an exciting array of development opportunities.”
Sanjay Arora, Chief Operating Officer at Arora said “Dentons’ advice and speed of execution on this transaction was first class and enabled us to transact in a very short timeframe. The acquisition is strategically important to Arora and provides significant development potential in prime central London.”
Simon was supported by a number of lawyers from Dentons’ Real Estate, Corporate and Banking & Finance teams, including Partners, Matthew Tinger, James Wilson and Neil Griffiths; Senior Associate Danni Hofmeyr; Associates Katie Henson and Kirsten Young; and Counsels Pamela Gilmour and Christopher Foxall.
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