Investor close to buying student block
A MIDDLE Eastern investor is close to buying The Green, a student accommodation block in Bradford with more than 1,000 beds.
London-based Welbeck and Abu Dhabi’s Hayaat developed the £40m student village at Bradford University’s campus in 2011.
They have been looking to sell for some time and are understood to be days away from sealing a deal.
Sources say a Kuwaiti buyer is being advised by 90 North, a London firm specialising in Shariah-compliant deals that is chaired by former Dragons’ Den investor James Caan. The business declined to comment.
The Green boasts a string of eco-friendly features recycling facilities, energy monitor screens, low energy lighting and showers which are fitted with low rate fittings. Although it is privately owned, it is managed by the university’s accommodation department.
Bradford-based Mi7 Developments, which represents Welbeck and Hayaat, also declined to comment.
