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Location – National Portfolio | Service - Disposal
Price – Over £500 million
The Westbourne Portfolio comprises 12 best-in-class student housing assets providing 5,866 beds across ten well established university cities in the UK. The portfolio, which has been expertly managed by The Student Housing Company, has been 100% let for the core term since development/acquisition of each asset and approximately 40% of the rental income is underwritten by University Agreements.
Our client said “JLL were able to provide sector specific expertise and an extensive knowledge of capital markets. JLL managed the process successfully and efficiently from start to finish, with a high degree of professionalism and a dedicated team; by understanding the drivers for both seller and purchaser, they were able to deliver the transaction in the agreed timescale and to the satisfaction of all involved.”
AUB UK Student Accommodation Fund Portfolio
Location – National | Service - Disposal
Price - £270 million
AUB comprises eight prime UK assets in London, Glasgow, Durham, York, Leeds, Birmingham and Oxford, totalling 2,000+ beds. The sale price equated to an IRR of 25% and an equity multiple to investors of 1.8 times.
We predict that investment into student housing will rise to £5bn in 2017 as appetite for the sector soars.
Our team is the largest and most experienced in the sector; having been involved in most of the major transactions in the market over the last ten years. Most recently the team advised real estate funds (managed by Blackstone) on the sale of Union State Portfolio to the Canada Pension Plan Investment Board – with the portfolio now trading under the Liberty Living banner.