They add that the deal price of GBP40.6 million translates to a price per bed of GBP92,000, which is below both the asset’s last valuation by about 5.4% and replacement cost of around 18%.
Following the acquisition of a purpose-built student accommodation (PBSA) asset in Liverpool for GBP37.3 million ($63.9 million) by CDL Hospitality Trusts (SGX:J85
) (CDLHT), the team of analysts at DBS Group Research have highlighted the move as a positive one, keeping their “buy” call at a target price (TP) of $1.20.
The property provides amenities spanning over 1,092 square metres (11,754 sq ft), supporting the living preferences for modern students.
