UK: Aviva Investors has bought a £150 million student accommodation portfolio made up of six assets across England and Scotland.
The properties are in Edinburgh, Liverpool, Exeter, and Falmouth, collectively offering more than 1,000 student beds.
They include a 327-bed student residence in Edinburgh, 250 beds in Liverpool, 228 in Exeter, one of 112 and one of 132 in Falmouth, and 112 in Liverpool.
As part for the deal, Aviva also acquired a 65,000 square foot mixed-use commercial property in Liverpool, encompassing retail, dining, hotel, and groceries.
Aviva’s operating partner, Curlew Capital, will be responsible for rentals, upkeep, and site management, collaborating with property managers Fresh.
James Stevens, head of real estate investment at Aviva Investors, said: “Complementing our Build to Rent platform of single-family homes, this significant transaction shows our ability to deploy capital at scale, alongside a proven operating partner, into a strategically important growth sector for our business. Student numbers are projected to continue growing in the coming years and, with a structural undersupply of purpose-built accommodation, we are pleased to be able to invest into the sector and support the provision of high-quality accommodation across the country.”
