21 Opal buildings sold by administrators

SOME 21 Opal student accommodation buildings have been sold to a consortium including Greystar Real Estate Partners and Goldman Sachs.

The disposal represents just under half of Opal's nationwide student portfolio which fell into the hands of administrators when the Manchester-based group collapsed in March.

The business, which owed 14 lenders more than £880m, had been desperately trying to refinance for several months.

The transaction with investment bank Goldman Sachs and US-based student accommo... For the full story register now for free or login below...