Recent Transactions

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 acquisition of a student development site in Moss Lane, Manchester. The site owned by Alumno benefits from a planning consent to develop a 261 bed purpose-built student accommodation (PBSA) asset.

Construction is to start shortly with a target completion date of Q3 2026. Pricing for the site was circa £9m with the end GDV of the development totalling circa £70m.

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.