Student room and build-to-rent specialist Watkin Jones has completed the £180m forward sale of four planned purpose-built student accommodation schemes to an investment joint venture between KKR and Round Hill Capital.
The group has also exchanged an option agreement with the joint venture, conditional on gaining full planning, for a fifth purpose-built scheme in Bristol.
This is the first student housing deal for KKR and Round Hill, which own student halls in Spain and the Netherlands.
The portfolio consists of 2,163 student beds and associated facilities. Four of the schemes have planning consent granted with Bristol in the planning process.
Development
Kyle Street, Glasgow: 401 beds – September 2019
Albion Way, London: 283 beds – September 2020
Forest Road, London: 353 beds – September 2020
Whitefriars Lane, Coventry: 778 beds – September 2020
Wilder Street, Bristol: 348 beds – September 2021
from Construction Enquirer http://www.constructionenquirer.com/2018/10/01/watkin-jones-forward-funds-five-student-projects/
via Tumblr http://ndbasilica.tumblr.com/post/178628167394
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