A student accommodation fund managed by Paideia Capital U.K. Trust has acquired a student housing property in Bristol, England. The sales price was £29.4 million (€33.32 million/$40.1 million).
The fund is 30 percent owned by Sun Capital Assets, a wholly owned subsidiary of Singaporean property group Metro Holdings, and the remaining ownership is held by Lee Kim Tah Holdings, Aurum Investments and a third-party investor.
The six-story property, known as Dean Street Works, totals 181 beds, and is less than a mile from the main campus of the University of Bristol, which has 27,000 students. The entire student accommodation is fully occupied.
