Lone Star Funds has reportedly acquired a 2,621-bed portfolio of purpose-built student accommodation from Fusion Students.
The sales price was £315 million (€370 million/$435 million).
In an unprecedented year for higher education and student accommodation, there are now 681,000 beds across the United Kingdom with 24,799 new beds entering the market in 35 locations for the 2020/2021 academic year, reported Cushman & Wakefield.
Overall, the future for the purpose-built student accommodation is bright as the United Kingdom’s position as an academic powerhouse is set to outlive any pandemic uncertainties. The sector itself is now valued at £60 billion (€70 billion/$83 billion) and remains the go-to alternative asset of choice for investors. The mid-term attractiveness will be driven by the “return to normal” and the United Kingdom’s continued
