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UK Student Accommodation Buoyant Following Brexit

More than £90m has been invested in student accommodation in July, as the asset class rises above Brexit worries.

More than £90m Invested in Student Property in July 2016

More than £90m has been invested in student accommodation in July, as the asset class rises above Brexit worries.

Following the UK’s decision to leave the European Union following a referendum on June 23rd, the student property market has remained active, with two high profile deals generating nearly £95m for the sector.


Aviva Investors has made one of the biggest UK property acquisitions post-Brexit, by investing in the freehold for a student accommodation development in the student city of Coventry.


The freehold for the 770-bed development was purchased for £74.5m from Regents Godiva, with the purchase representing a cost of £96,869 per bed.


Due to delivered to the market in time for the start of the 2018-2019 academic year in September 2018, the development is due to be tenanted by Coventry University on a 30-year lease.


Elsewhere in the UK, Centurion Group, a Singaporean investment and property group, has made a further addition to their UK student property portfolio, investing in four new developments across the UK.


With the new acquisitions made for a total of £20.1m, the addition follows the group’s £80m investment in the student sector in 2014.


Totalling 516 beds, the developments are located across the cities of Newcastle, Manchester and Bristol.


The news of these latest acquisitions echoes the sentiments of the Unite Group earlier this month, who said that the post-Brexit market was providing the student accommodation sector with a range of opportunities, as demand remains significantly higher than supply.

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