Aston Student Village puts accommodation complex up for sale for £200m+

ASTON Student Village is to sell its interest in the 3,067 bed space student accommodation complex next to Aston University in Birmingham.
 
The student housing, 100% let this academic year, has a forecast £16.6m gross annual income and will be brought to market in the New Year.

Joint agents Deloitte Real Estate and Knight Frank will be seeking offers in excess of £200m. 
 
Chris Baldwin, partner and head of residential at Deloitte Real Estate, said: “This investment will represent the largest single property transaction of student housing to take place in the UK this year. 

“The student housing investment market has transacted over £5.7bn in the last nine months, and this is a prime asset allowing any investor to capitalise on a thriving market.”
 
James Pullan, head of Student Property at Knight Frank, added: “Investors are particularly drawn to the UK’s higher education sector because of its perceived position within a global context.  Aston Student Village will be of interest to institutions and operators from a global investment base.”
 
Aston Student Village accommodation was voted number one in the UK and number ten worldwide for best accommodation quality in 2014 by the International Student Barometer. 

The student housing is also adjacent to Birmingham City University’s new campus.