Sunday, 21 January 2018 04:27 GMT

Gulf investors spend USD451m on student accommodation in UK

(MENAFN) Gulf investors have finalized a USD451 million acquisition of eight student accommodation sites in the UK, Arabian Business reported

The transaction is funded through a USD351.4 million listed bond fully subscribed by a UK insurance company

The investment is in eight student accommodation sites in London, Manchester, Liverpool, Leeds, Birmingham, Newport and Nottingham

George Shweiry, the one who advised the investors in the deal, said: "The dynamics of the UK student housing sector present a compelling story, where we are seeing a shortage of good quality stock, falling development pipeline and a growing demand.

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