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Greystar Real Estate Partners pays €336m for five U.K. student accommodation assets
Transactions - FEBRUARY 18, 2021

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Greystar Real Estate Partners pays €336m for five U.K. student accommodation assets

by Andrea Zander

KKR has sold five major student-housing developments across the United Kingdom to Greystar Real Estate Partners for £291 million (€336 million/$406 million).

The five purpose-built student accommodation (PBSA) developments comprise a total of 2,163 units situated in London, Glasgow, Coventry and Bristol, four cities renowned for their higher education institutions. Four of the assets are operational for the 2020/2021 academic year, while the asset in Bristol is under construction and due for occupancy in September 2021.

KKR acquired the five PBSA sites in 2018 to develop high-quality, professionally managed accommodation to meet structurally growing demand in a market that continues to be underserved by quality options for student housing. The United Kingdom remains one of the leading global destinations for higher education, with the benefit of top-ranking universities with strong forecast growth trends in the university-age demographic in the United Kingdom, suppo

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