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Student Portfolio Goes up For Sale

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

A student accommodation portfolio containing assets in Durham, Southampton and Exeter has been put up for sale.

The portfolio, currently owned by Maven Capital, IP Investment and Glenmore Group has a value of £84.1 million.

Duresme Court in Durham contains 276 studios across six blocks. Stanley Studios in Southampton consists of a mix of studios and two-bed apartments and is due to open this year. Finally, West Gate in Exeter contains 98 beds.

The announcement follows on from the recent transaction by Beachrock, which saw Apollo Global Management pick up a portfolio of assets for £210m, representing the largest deal of its type this year.