Portsmouth Council Approve 97-bed Student Scheme
15th Dec 2017
Next year Aston University will be bringing Aston Student Village to the market, and the Birmingham-based institution is looking for bids in the region of £200 million.
Built after two old halls were demolished in 2011, the complex sits on the Aston University Campus and can (and currently does) house 3,067 students. Alongside the bedrooms the building is also home to a multi-faith centre. The nearby sports pitch and car park, built along with the building, are not up for sale however.
The site generates annual incomes in the region of £17 million from housing students at Aston University. It is however currently unclear whether the building will be required to house students of the university after the sale.
The task of marketing the site has been given to Deloitte Real Estate and Knight Frank, with partner and head of residential at Deloitte Real Estate Chris Baldwin saying, "this investment will represent the largest single property transaction of student housing to take place in the UK this year. The student housing investment market has transacted over £5.7 billion in the last nine months and this is a prime asset allowing any investor to capitalise on a thriving market."
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