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Real Estate Investors Henley Purchase Student Portfolio from Liberty Living

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Reports indicate the UK private equity real estate investor Henley has snapped up three student housing assets from Liberty Living.

Henley purchased the sites for £50 million from the Canada Pension Plan Investment Board-owned student housing specialist.

The three sites are located in Preston, Sheffield and Stoke and total 1,519 student bed spaces.

Commenting on the deal, Henley's chief executive, Ian Rickwood, said: "Henley has been committed to capitalising on the opportunity currently available in the student accommodation space since Autumn 2016 and we plan to further increase our holdings in this market over the coming year."

The company also owns a portfolio of student accommodation properties through Henley Ark. Situated in Dundee and Salford the properties are worth £25m.

Liberty Living has been expanding its business outside of the UK with the purchase of several assets from Blackstone.

The company was reported to have paid 460m for 13 student accommodation residences in 12 separate cities across the UK, Germany and Spain. The portfolio consisted of 6,484 beds and formed part of the Union State student accommodation brand.