UCLan Offers Partial Refunds
20th Jan 2021
Legal & General (L&G) has acquired the long leasehold of a student accommodation scheme which is fully let to Christ Church College, for £37.1m.
Part of the University of Oxford, the property provides 133 en-suite rooms with shared kitchen facilities and 110 cycle spaces. The residence is located in St Aldate's & Queen Street and has been purchased on behalf of Legal & General Retirement.
Jones Lang LaSalle acted as advisors on the transaction.
Commenting on the deal, Tom Roberts, head of strategic investment at LGIM Real Assets, said: "This is an excellent acquisition for our annuity portfolio, matching our continued appetite for long term income streams which can offer a hedge against inflation."
"The modern accommodation, which has been fully let to a world class, investment grade institution, and its central location will remain an attractive prospect for Oxford's student population, whilst providing top quality facilities to help promote a quality education."
Meanwhile, Eleanor Bucks, managing director for direct investments and real assets at Legal & General Retirement, added: "This transaction is an excellent opportunity to add to our investments in high-quality, long-term UK assets, matching our commitments to securing the pensions of our members and connecting pensions to the UK economy."
20th Jan 2021
18th Jan 2021
15th Jan 2021
14th Jan 2021
12th Jan 2021
12th Jan 2021
11th Jan 2021
11th Jan 2021
11th Jan 2021