Our Financial Services and Funds team is advising Social Housing REIT plc ("SOHO") on its recently announced £185.3 million acquisition of a portfolio of senior living assets from a wholly owned subsidiary of Residential Secure Income plc, to be satisfied through a combination of cash and shares.

The acquisition is subject to certain conditions, including shareholder approval, and is expected to complete in mid-July. Following completion, SOHO, renamed Living REIT plc, will focus on three adjacent subsectors: specialised supported housing, senior living and care homes.

The cross-firm team advising SOHO on the transaction was led by Financial Services and Funds Partner Oliver Riley, supported by Sharon Ayres, Indy Bening, Haseena Hussain and Jack Qualtrough (Corporate), Angela Rawlins, Sarina Mann and Sarah Lambert (Banking and Finance), Paul Shaw (Tax), Susannah Fink (Insurance), and Sally Farrall (Real Estate).

Gowling WLG's Financial Services and Funds team advises on a whole range of global asset management and fund matters, including public and private M&A, specialist regulatory advice, commercial arrangements and regulatory investigations and disputes.