AXA IM Alts has acquired the 758-bed Vita Student Lewisham Exchange PBSA scheme in Lewisham, London, from Vita Group for an undisclosed price.
AXA acquired the scheme, which was constructed in 2021 and has achieved 100% occupancy since completion, on behalf of clients. Vita has been retained as the assets’ operator under its Vita Student brand.
In line with AXA IM Alts’ global sustainability strategy, the 35-storey building is targeting a BREEAM Excellent certification and is EPC rated A.
Stuart Carr-Jones, head of UK, Ireland and emerging Europe transactions, AXA IM Alts, said: “We have a high conviction in the UK PBSA sector, reflecting its structural and demographic drivers, as well as countercyclical characteristics, with the latter in particular borne out during the recent periods of economic disruption.
“Partnering with a leading UK operator, this is a best-in-class scheme with a diverse mix of domestic and international students, in a well-connected location in what is one of the world’s leading higher education clusters. Furthermore, its environmental credentials are aligned with our strong belief in the importance of both minimising a building’s carbon footprint and the tenant wellbeing offering when considering all our real estate investments.”
