Nottingham Scheme Recommended for Approval
12th Dec 2018
Two student accommodation assets have been snapped up by Arlington Investors from Rockspring Property Investment Managers LLP for a total of £85.5m.
The acquisition is one of the first deals that have gone through post Brexit and increases Arlington's total student accommodation portfolio too over £500m and over 7,800 beds.
Funding for the deal was secured through a listed bond which was privately placed with clients of Legal & General Investment Management, while the funding partner for Leeds was Aviva Investors.
Originally established in Jersey in 2013, Arlington Investors is backed by family offices and investors from both the UK and Middle East. Their mandate is to invest globally, with a current focus on high quality UK property investment.
According to found and chief executive George Shweiry, the UK student accommodation market is well positioned to weather any immediate volatility brought by the UK's decision to leave the UK.
The strength of the market has been attributed to strong and growing demand from both UK and international students at the country's higher education institutions.
The group also hopes that the latest investment will result in additional opportunities to add value for its investors in the short term.
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