Student housing developer off-loads £7.1m portfolio
A Manchester student housing developer has sold a portfolio to a Hale-based investor.
Ground Rents Income Fund plc, the Hale-base dreal estate investment trust (REIT) investing in UK ground rents, has acquired the ground rents of four prime student accommodation buildings and exchanged contracts to acquire a further two for a total consideration of £7.1m.
The deal was with Alderley Edge-based Vita Student, part of the Select Property Group …