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Transactions - SEPTEMBER 22, 2022

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Tristan Capital, Bricks expand student housing portfolio with €126m Liverpool acquisition

by Andrea Zander

Tristan Capital Partners’ CCP 5 Fund along with its joint venture partner, Bricks Group, has acquired a 999-bed purpose-built student accommodation asset in the city of Liverpool from Aura Investors LLP for £110 million (€126 million/$124 million).

Liverpool is one of the United Kingdom’s leading university centers with more than 70,000 students and five Higher Education Institutes including the prestigious Russell Group, University of Liverpool. The latest UCAS application data highlights continued growth in the number of domestic students and high-value international students with the United Kingdom’s total full-time student population growing by 8 percent with a further 5 percent increase predicted in 2021/2022.

This latest acquisition expands the joint venture’s PBSA platform to over 2,100 beds located in Birmingham, Manchester/Salford, Glasgow, and now Liverpool — all managed by Bricks’ award-winning platform, true student.

“The underlying

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