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UK: St Katherine Investment Group has put the Urba-Life purpose-built student accommodation (PBSA) portfolio up for sale with a guide price of £25 million.
The fully stabilised portfolio in Southampton consists of three freehold schemes – Marland House, The Courtyard, and Queens Gate – which provide 220 studio apartments. All three are 100 per cent let for the 2025/26 academic year. there are also six fully let commercial units in the portfolio, which has an average rent of £233 per bed per week.
The assets, which were developed and refurbished by St Katherine Investment Group between 2014 and 2016, are managed by Homes for Students and generate a net annual income of £1.88 million.
Nick Robinson of BNP Paribas Real Estate, which is marketing the portfolio, said: “Opportunities of this scale and quality are increasingly scarce. The Urba-Life Portfolio delivers reliable, fully stabilised income with clear potential for further value creation. Southampton’s strong demand fundamentals, limited supply pipeline and resilient rental performance continue to make it one of the UK’s standout PBSA markets.”
Highlights:
- St Katherine Investment Group has put the Urba-Life purpose-built student accommodation (PBSA) up for sale with a guide price of £25 million
- The fully stabilised portfolio in Southampton consists of three freehold schemes which provide 220 studio apartments
- The assets, which were developed and refurbished by St Katherine Investment Group between 2014 and 2016, are managed by Homes for Students
- They and generate a net annual income of £1.88 million
