The sale of Urbanest's portfolio, which spans major capitals, is the largest real estate transaction in Australia in 2019.

Urbanest is the country's longest-standing and leading student accommodation provider; and the sale comprises of 6805 beds across 14 assets in 4 states.

"For over a decade we have been the trusted legal advisors to Urbanest and we are delighted to have successfully led this landmark transaction in Australia's growing purpose built student accommodation sector," said Leah Wright, MinterEllison lead Partner. "Student accommodation is one of the most exciting and innovative real estate asset classes in Australia and is a major export earner. It's a privilege to be part of the sector's growth."

MinterEllison's role involved running the competitive sale process for Urbanest, and negotiating and managing the complex transaction across a range of structuring and regulatory considerations.

The MinterEllison team was led by Leah Wright (Partner) and Wissam Abwi (Partner). They were supported by John Brimacombe (Partner), Lisa Jarrett (Partner), Paul Schoff (Partner), Paul Ingram (Partner), Jeremy Hill (Partner), Ed Stafford (Senior Associate), Cianan Hehir (Senior Associate), Jeremy Chew (Senior Associate), Haydn Flack (Senior Associate), Beau Leong (Associate), Mark Hautop (Associate).