Hines buys student asset in Glasgow

Hines Global Income Trust has acquired a 607-bed operational student asset in Glasgow, Scotland, for £72 million ($89 million).

The development of true Glasgow West End was completed in 2017 by Bricks Capital, a London-based property development, hospitality and management group. The building currently is 100 percent occupied.

Located on Kelvinhaugh Street, the development is a 10 minutes’ walk from the University of Glasgow and is within easy reach of all the amenities the West End has to offer as well as the city’s four other higher education institutions: the University of Strathclyde, Glasgow Caledonian University, Glasgow School of Art and the Royal Conservatoire of Scotland.

The development is one of Glasgow’s most popular student halls, featuring amenities including a