Established in 2005, PINE is a Jersey Property Unit Trust created to build a freehold investment property portfolio focused on the UK educational sector. PINE owns a portfolio of UK properties leased to third-party operators.

The Macfarlanes team was led by corporate M&A partners Stephen Drewitt and Richard Burrows, with commercial real estate partner Gerald Kelly also advising. The team were assisted by corporate and M&A solicitor Daniel Williams, banking and finance solicitor Adam Caines and commercial real estate senior solicitor Cate Taylor.