Heitman has acquired three U.K. student-housing assets, one fully occupied asset and two forward-funded developments for approximately £70 million (€84 million/$92 million) in an off-market transaction with Alumno Group, a student-housing developer based in London.
The assets are located near major universities and student populations and acquired by Heitman in connection with its global-investment strategy.
“Importantly, despite COVID-19, purpose-built student accommodations remain in demand and has experienced steady occupancy gains each year since 2020, and we expect that trend to continue as students seek greater convenience and higher quality of life,” said Caleb Mercer, Heitman managing director of European real estate investment
Said Gordon Black, Heitman senior managing director and global portfolio manager, “With favorable supply and demand fundamentals, our investments in student housing assets across the United Kingdom further diversifies our
