Kirkland & Ellis and Jones Day are leading as private equity giant Blackstone purchases a major U.K. student accommodation provider from Goldman Sachs and the Wellcome Trust, in a multi-billion pound deal.

The £4.7 billion sale sees Goldman’s merchant banking division and the Wellcome Trust jointly offload iQ Student Accommodation to Blackstone in what the law firms involved have called the U.K.’s largest-ever private real estate transaction.