£22m deal

Student housing sale shows sector ‘in good shape’

Goods Corner: part of deal

Two blocks of student accommodation in Edinburgh and Leicester have been sold in a £22.2m deal said to reflect the resilience of the sector.

Goods Corner in Edinburgh comprises 108 studio bed spaces close to the University of Edinburgh’s King’s Building Campus, the main campus of the College of Science and Engineering.

Dover Street in Leicester comprises 135 bed spaces and is located in the heart of the city, close to the railway station, University of Leicester and De Montfort University.

Both properties were constructed in 2018 and each have been 100% let with strong bookings for the 2020/21 academic year. The buyer is 90 North Real Estate Partners, in partnership with Rasameel Investment Company.

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