student property estate: Some rents in the capital are around £500 per week, according to The Independent. Why student accommodation is fresh meat to investors James Pullan, the head of student property at estate agency Knight Frank, said: Student accommodation is undersupplied in the UK. We anticipate interest from all four corners of the globe into a sector that offers exposure to UK residential and higher education asset classes. It is seeking offers of more than £400m for the assets, which together could generate £37m of income in the September 2015-16 academic year. He added: This portfolio offers investors one of the last remaining opportunities to secure a platform capable of being leveraged for further expansion. The sale launch came at the same time that Unite UK Student Accomodation Fund said it has exchanged contracts to pay £271m for eight properties from Ahli United Bank. It is expected to appeal to buyers from the UK, US, Dubai and the Far East.
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Tagged under student property estate, UK topics.