Summary:
- AustralianSuper acquired the 253-unit Aster House student accommodation in south Belfast from Harrison Street Asset Management in December, as part of a £560 million UK Living platform focused on high-demand university locations.
- Aster House, developed by Harrison Street and CA Ventures under the Novel Student platform, is one of two Belfast properties affected by Novel’s collapse in late 2024; ownership of Aster House changed prior to the recent sale of the 393-unit Alma Place scheme to Patron Capital Advisers and Curation Capital.
- The acquisition expands AustralianSuper’s UK student housing portfolio to 1,616 beds across six cities, with Aster House now managed by Prestige Student Living, supporting the fund’s long-term income growth strategy in the PBSA sector.
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