UK private equity real estate investor Henley has bought three student housing assets from Liberty Living.
The firm said it paid £50m (€57.8m) for the portfolio from the Canada Pension Plan Investment Board-owned sector specialist.
The combined properties, in Preston, Sheffield and Stoke, include 1,519 student rooms.
Ian Rickwood, chief executive of Henley, 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 firm also owns a portfolio of student accommodation properties through Henley Ark in Dundee and Salford worth £25m.
Liberty Living recently extended its business beyond the UK by buying assets from Blackstone.
The company said it paid £460m for 13 student residences in 12 cities in the UK, Germany and Spain. The portfolio of 6,484 beds, part of the Union State student accommodation franchise, took the Liberty Living platform into continental Europe for the first time.
24th March 2017 | Article by IPE Staff | IPE Real Estate
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