£191m student accommodation up for sale in Central London market
Original Article Summary
A Purpose-Built Student Accommodation development in London Paddington is set to be sold for in excess of £191 million. Citi View has been operational since the start of the 2024/25 academic year, operated by Prestige Student Living. Naresh Abrol at Union Property Developments, said: “We acquired Citi View from the University of London in September […] The post £191m student accommodation up for sale in Central London market appeared first on PropertyWire.
PropMatch Curated Analysis
A 357-bed student accommodation scheme in London Paddington is being sold for £191m+ with £11.2m annual gross income, highlighting strong yields and institutional demand in London's undersupplied PBSA market.
Investor Relevance
Demonstrates the financial performance and institutional appetite for London student accommodation, providing yield benchmarks and validating PBSA as a viable investment sector for those considering diversification from traditional BTL.
Original Source:
PropertyWireStay Updated
Subscribe to our weekly briefings for curated property news and insights