Student accommodation stock worth £4.8 billion will be transacted in the UK by the end of the year according to the real estate firm.
In the first half of 2017, £2.41bn was transacted, a 24 per cent increase on the equivalent period last year. Major deals in Scotland included St Luke’s Terrace, Glasgow and West Granton Campus, Edinburgh, as well as the sale of portfolios with assets north of the border, such as one sold by Unite to Brookfield for £295 million in February which included properties in Aberdeen, Edinburgh and Glasgow.
Across the UK, the purpose-built student accommodation (PBSA) market continues to be one of the most attractive asset classes in real estate for investors.Mike Mitchell, Partner, Cushman and Wakefield
Cushman & Wakefield reports over 1,000 Scottish bed spaces currently being marketed to investors, made up of both operational assets and development opportunities totalling £67m. The combined worth is in the region of £80m and includes Wellgate House in Edinburgh and Peterson Hall, Dundee. Recent deals have attracted investors from the Middle East, Singapore, China and Russia...