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£110m PBSA Asset in Liverpool Sold by Aura Investors

Posted by Calum Martin in ,

Image courtesy of Flickr, Creative Commons

The Liverpool PBSA scheme, which comprises 999 student beds, was purchased by the joint venture between Tristan Capital Partners and Bricks Group.

This deal takes the total beds acquired in the joint venture to over 2,100, with schemes located in Birmingham, Manchester, Glasgow and Liverpool. Bricks Group's True Student platform will manage all assets.

Managing director at Tristan Capital Partners, Kristian Smyth, commented: "The underlying quality of the asset coupled with the growing demand from both domestic and international students in Liverpool made this a compelling addition to our UK PBSA strategy.

"We are focused on investing in both operating assets and de-risked developments across the UK with an objective to create a £750m plus platform in the short to medium term."

Founder and CEO of Bricks Group, Peter Prickett, said: "It's testament to the strength of the partnership that we've quickly secured our largest PBSA asset in the internationally renowned city of Liverpool. And this is just the beginning for our joint venture and its mission to scale the true student brand at pace."