Heitman has invested in the Hollis Building, Bath, a 120-bed student housing development, in an off-market transaction with Alumno Group, a student housing developer based in London. Heitman made the investment in connection with its global strategy.
The asset is well located to serve both Bath Spa University and the University of Bath and will provide housing to the city’s dynamic and growing student population. The development will feature a biodiverse green roof and photovoltaic panels to meet part of the project’s energy needs.
“We are pleased to continue our partnership with Alumno Group and deliver premium student housing assets for the United Kingdom’s growing domestic and international student populations,” said Caleb Mercer, Heitman managing director of European real estate investment. “The need for student-specific housing remains significant, as demand for space continues to outpace supply.”
Mercer added, “The resiliency of purpose-bui