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News Release

JLL advises Unite on £135 sale of Woburn Place Student Housing block

​LONDON, 13 March 2017 - JLL’s Student Housing team has advised Unite Students on the sale of the 427 bedroom Woburn Place to GCP Student Living PLC.

The property is owned in its LSAV joint venture, and the price reflects a value per bedroom of £316,000 and a net initial yield of 4.5%.

Huw Forrest, Director in JLL’s Student Housing team, commented: “The Student Housing market continues to show robust liquidity. The sale of Woburn Place attracted a number of global investors given its unique location in the heart of Bloomsbury.”

According to research from JLL, London’s full time student population is expected to grow by 50% over the next decade. Over the last several years, JLL also estimates that over 80% of the 27,500 purpose built student units built in London have been transacted, reflecting the strong investor appetite in this asset class.