Residential property group acquires Bradford site for £4m

STUDENT accommodation firm the Kexgill Group has acquired Haria Tower in Bradford.

Haria Tower, which will be renamed Kexgill Tower, offers 108 student studios and Kexgill are planning on converting the ground floor of shops with additional studio flats.

Cushman & Wakefield’s Student & Residential Investment team acted for the receivers.

The Kexgill Group has nine branches throughout the UK as well as a presence in Germany. Overall, the firm’s total assets are valued in excess of £105 million.

Kexgill managing director, Richard Stott comments: “I have been looking for some time to increase our size in Bradford and an additional 108 studios at Haria Tower presented an ideal opportunity. The studios are of an exceptional quality and will form part of our Kexgill Club Class® branding.”

Simon Lowe, associate director in Cushman & Wakefield’s Student Residential Investment team comments: “We are very pleased to have concluded this sale. Kexgill performed in a very professional manner throughout the transaction and are the right party to take this asset forward.

“The asset is located in a prime positon in Bradford and I’m sure it will be strong performer in the wider Kexgill portfolio.”

Sean Kelly of TigerLime “TigerLime (t/a UniLodge Bradford) are pleased to be handing over the scheme to Kexgill, who will continue to manage the building to the high standards that the TigerLime team has established.”

Steve Williams, Bespoke Business Finance said: “Bespoke Business Finance is delighted to continue its close working relationship with the Kexgill Group in securing the finance for their latest acquisition, Haria Tower.

“Having recently visited the property and seen first-hand the quality of the accommodation, it is obvious to me that this will be a fantastic addition to the business.”