AXA IM Alts makes first PBSA

AXA IM Alts has acquired Vita Student Lewisham Exchange, a 758-bed purpose built student accommodation (PBSA) scheme in Lewisham, Southeast London.

The acquisition, on behalf of clients, has been made from Vita Group, which has developed nearly 10,000 beds in the United Kingdom since 2012 and has been retained as the assets’ operator under its Vita Student brand.

Constructed in 2021, the scheme comprises a mix of fully equipped studio and cluster rooms across 35 stories. Residents benefit from a range of high-quality amenities, including a large gym, private dining rooms and lounge areas, and ample private and communal amenity space, as well as panoramic views of London. Especially popular with international students, it has achieved 100 percent occupancy since opening at the start of the 2021-2022 academic year. In line with AXA IM Alts’ global sustainability strategy, the building is targeting a BREEAM Excellent certification and is EPC rated A.

Lewisham i