£135m deal for student property group’s portfolio
Student accommodation provider Study Inn has sold its property assets in a £135m deal that will help fund its new portfolio.
Investment group Arlington Advisors has bought its 10 sites – six in Coventry and one each in Bristol, Cambridge, Nottingham and Sheffield – and the 1,500 rooms takes its student portfolio above 10,000 beds.
Sean McKeown, Arlington Advisors’ managing director, said these cities “are experiencing strong international demand for good quality student accommodation” …