Aviva Investors has acquired a portfolio of six purpose-built student accommodation (PBSA) assets and a mixed-use commercial investment for £150m.
The PBSA portfolio comprises assets in Edinburgh, Liverpool, Exeter and Falmouth, which together provide bed spaces for more than 1,000 students.
As part of the transaction, Aviva Investors has also acquired a mixed-use leisure and retail asset in Liverpool spread over 65,000 sq ft.
Curlew Capital will be responsible for lettings, maintenance and the ongoing site maintenance of the assets, alongside property manager Fresh.
James Stevens, head of real estate investment at Aviva Investors, said: “Complementing our build to rent platform of single-family homes, this significant transaction shows our ability to deploy capital at scale, alongside a proven operating partner, into a strategically important growth sector for our business.
“Student numbers are projected to continue growing in the coming years and, with a structural undersupply of purpose-built accommodation, we are pleased to be able to invest into the sector and support the provision of high-quality accommodation across the country.”
