Edinburgh student block sold as part of £22m property deal

A student accommodation property in Edinburgh has changed hands as part of a multi-million-pound deal.
By Scott Reid
Published 26th May 2020, 12:30 BST
Goods Corner comprises 108 studio bed spaces and is situated opposite the University of Edinburgh’s King’s Building Campus, to the south of the city centre.Goods Corner comprises 108 studio bed spaces and is situated opposite the University of Edinburgh’s King’s Building Campus, to the south of the city centre.
Goods Corner comprises 108 studio bed spaces and is situated opposite the University of Edinburgh’s King’s Building Campus, to the south of the city centre.

Goods Corner comprises 108 studio bed spaces and is situated opposite the University of Edinburgh’s King’s Building Campus, to the south of the city centre.

The property, along with a student block comprising 135 bed spaces in Leicester, has been acquired by 90 North Real Estate Partners, in partnership with Rasameel Investment Company, for £22 million in total.

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The combined purchase price is said to represent the strength of the student accommodation sector in the UK, “despite the current challenging economic climate”.

UK developer Aimrok sold the freehold interest in each asset and was advised by Russell Hefferan and Olan Coyle in Cushman & Wakefield’s student accommodation capital markets team.

Cushman & Wakefield partner Hefferan said: “The demand and supply dynamics remain positive for the sector and it is in good shape to weather the storm.”

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Related topics:Edinburgh

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