£30m Birmingham student scheme hits the market
A purpose-built student accommodation (PBSA) development near Aston University has been placed on the market.
Sama Investment Group’s £30m Lawson Street scheme will offer 184 studios in an eight-storey building just 150 yards away from the university.
Features include a gym, yoga room, games room, communal lounges and gardens, as well as a study area and roof terrace.
Bilal Ahmed, Executive Chairman & Founder of Sama Investments said: “We carefully selected Lawson Street to deliver market-leading returns to our clients and investors alike, and anticipate strong interest. It offers the opportunity to capture market demand, with the plans for the scheme also supporting and retaining the identity of the surrounding area.
“We pride ourselves on being specialists in breathing new life into brownfield real estate across Britain’s regions, creating long-lasting value for investors and communities.”
Lambert Smith Hampton has been appointed to market the PBSA.
Simon Wilson, Senior Director and Head of Living & Capital Markets, Lambert Smith Hampton said: “We are delighted to be able to work with Sama Investment Group to bring this exciting PBSA scheme to market which will add some much-needed stock to Birmingham’s thriving student population. It is our belief that this is the right location to explore the potential for co-living with the City Council.”
Richard Durkin, Director of Capital Markets, Birmingham, Lambert Smith Hampton said: “The combination of quality accommodation in an outstanding location makes this scheme an attractive and excellent investment opportunity particularly when you consider the strength of the residential market within Birmingham.”
