Summary:
- Brookfield Asset Management has sold the 245-bed Stanley Studios PBSA in Southampton to Legal & General Student Living for £43 million, marking a significant transaction in the city’s student housing market.
- The purpose-built student accommodation, operated by Prestige Student Living and opened for the 2021/22 academic year, offers premium amenities including a private lounge, study room, cinema, gym, and is located a 13-minute walk from the University of Southampton.
- Legal & General has expanded its PBSA portfolio to nearly £400 million over two years, focusing on well-located assets in cities with growing student populations aligned with university expansion plans.
Original article:
https://benews.co.uk/lg-picks-up-southampton-pbsa-asset-for-43m/
