Lewis & Partners advised a private investor on the sale of Living Student in Cardiff, a 136 bed student accommodation asset. The property was direct let, with 100% occupancy for the upcoming academic year and was sold to Columbia Threadneedle, with pricing reflecting £13M and 6.25% NIY.
Lewis & Partners advised Invesco Real Estate on the structured forward funding, of this PBSA development in Moss Lane, Manchester, opposite the University. The development will provide accommodation for 261 beds and is to be developed out by Alumno.
Construction is to start shortly with a target completion date of Q2 2027 providing an end GDV of circa £75M.
A student forward funding opportunity, in the city which is home to the 3rd oldest university in England. The site is located opposite the University’s principal sport facilities. Money was secured for the forward funding by Unite and Lewis & Partners worked with Dream Vale Properties Limited. The scheme consists of 222 high quality rooms configured in a variety of en-suites, premier en-suite clusters, studios and premium studios.