CDL Hospitality Trusts acquires Benson Yard PBSA
CDL Hospitality Trusts recently announced their first acquisition into the PBSA sector. The trust has purchased Benson Yard, a 404-bedroom PBSA development in Liverpool.
Knight Frank valued the property at £39m, with the total acquisition cost reaching approximately £41m. The scheme has recorded an occupancy rate of over 97%, achieving a net rental income of over £2.5m.
The Benson Yard development completed in February 2023 and provides 47 studios and 357 en-suite bedrooms arranged in clusters of five, seven and eight …