Legal & General has purchased the long leasehold of a modern student accommodation residence that has been fully let to Christ Church College, part of the University of Oxford, for approximately £37.1 million ($47.23 million).
The purchase has been made on behalf of Legal & General Retirement.
The United Kingdom is home to one of the strongest higher education systems globally, attracting international students and academic talent, vital to the long-term prosperity of the U.K. economy. Boasting 33,650 full-time students, the University of Oxford remains one of the world’s premiere Universities with a significant demand for accommodation close to campus. Modern accommodation is therefore essential to meet this requirement and cater for a first-class education experience.
The property, situated on St Aldate’s & Queen Street, is a modern student halls of residence, providing 133 en-suite rooms with shared kitchen facilities and 110 cycle spaces. Lo
