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Funding
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Private Listing - PBSA in city in the Midlands, United Kingdom

Midlands
,
United Kingdom
DEAL
001070
POSTED ON
July 22, 2020
INVESTMENT SUMMARY
IRR
4.40%
Multiple
NA
LTV
NA
First Year CoC
Stabilised CoC
Status
Funding
Deal #
001070
Asset Class
Student Accommodation
Strategy
Core
Capital Type
Full Stack
Deal Size
£
300.0
m
Investment Size
£
30.0
m
Holding Period
NA
INVESTMENT HIGHLIGHTS
  • The property was built 12 months ago and sits in the proximity of one of the top UK universities in the Midlands.
  • The developer who is the current seller is currently signing a 10 years triple net lease with the university for the full property and it's looking to exit once this has been executed.
  • Expected rental income will be £1.3m on a triple net basis with operations being undertaken by the University.
  • Estimated asking price is around £30m at a 4.25% to 4.40% indicative yield.
  • Further information can be obtained upon execution of CA.
KEY DEAL POINTS
KEY FINANCIALS
ABOUT SPONSOR
Private Deals
An off-market opportunity, details of which are available by invitation only.
FURTHER IMAGES
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LOCATION
DEAL DATA ROOM
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INVESTMENT SUMMARY
Strategy
Core
Asset Class
Student Accommodation
LTV
NA
Deal Size
£
300.0
m
Closing
Sep 2020
Capital Type
Full Stack
Investment Size
£
30.0
m
Net IRR
4.40%
Multiple
NA
Holding Period
NA
INVESTMENT DETAILS
  • The property was built 12 months ago and sits in the proximity of one of the top UK universities in the Midlands.
  • The developer who is the current seller is currently signing a 10 years triple net lease with the university for the full property and it's looking to exit once this has been executed.
  • Expected rental income will be £1.3m on a triple net basis with operations being undertaken by the University.
  • Estimated asking price is around £30m at a 4.25% to 4.40% indicative yield.
  • Further information can be obtained upon execution of CA.
INVESTMENT HIGHLIGHTS
Funding
SUMMARY
Opportunity to acquire a recently built student accommodation block with a 10-years lease to a large UK University. The property is located in a city of the Midlands in the UK. The property was terminated 12 months ago and it's currently operating. Asking price is £30m (4.4% cap rate).
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Dashboard
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Meeting
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