Student Portfolio Up for Sale
15th Jan 2021
Evans Property Group is looking to offload its remaining student accommodation assets in York and has appointed Deloitte Real Estate to facilitate the sale.
Evans holds assets at York University's £750m Heslington East Campus and has already sold its 50% stake in Constantine College back to the university at twenty-times the development cost.
The company is now looking to dispose of the two remaining colleges, totalling 1,240 beds, on the open market.
The accommodation was developed in a joint venture between Evans and York University in 2014 and formed plans by the university to double its size through a £750m campus extension.
All three blocks purpose-built student accommodation are owned in equal share by Evans and York university.
