Simmons & Simmons advises Grant Thornton on administration of Opal Property Group

Simmons & Simmons is advising Grant Thornton on the administration of Opal Property Group, which has gone into administration following lengthy debt restructuring discussions and a lender standstill.

Opal is the UK’s largest private owner of student accommodation.

The Simmons & Simmons team is led by restructuring and insolvency partner, Alan Gar.

The team has advised on the property group’s £1.2bn property debt restructuring and standstill, alongside Linklaters partner Chris Howard, who has acted for the steering committee.