Summary:
- Adhan Group acquired a £20 million student accommodation complex in Preston from Knight Frank, marking a strategic expansion of its retail division across the UK with plans for further acquisitions within 12 months.
- The Preston property offers en-suite rooms with amenities including super-fast broadband, communal spaces, a gym, and 24/7 concierge, catering primarily to University of Lancashire students with weekly rents between £115 and £200.
- Operating across multiple UK regions, including the North West, Midlands, and South, Adhan Group’s portfolio recently surpassed £1 billion in value following the integration of new assets like Preston’s St George’s Shopping Centre, acquired in 2021.
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