More Opal assets sold to a US investor

ANOTHER US investor has picked up assets of the Manchester-based student accommodation group Opal for an undisclosed sum.

New York-based investment house Avenue Capital Group has bought five Opal companies which own a total of 1,800 student rooms across three blocks with half in Sheffield.

The assets include 992 bed spaces in Sheffield and 648 in Nottingham, a private rental building and a development plot.

Last week EY sold a larger portfolio of 21 buildings to US-based Greystar Real Estate Partner... For the full story register now for free or login below...