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21 Opal buildings sold by administrators

27th September 2013

Opal's Wilmslow Park in Rusholme

Opal's Wilmslow Park in Rusholme

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 accommodation specialist Greystar is e......for the full story register now for free or login below...

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