Russell Group’s 24 member universities include the University of Cambridge and Imperial College London. The group’s universities reportedly produce more than two-thirds of the research produced in UK universities.
The UK-focused Elite Commercial REIT has announced an expansion of its investment strategy to include purpose-built student accommodation (PBSA). One of the REIT’s sponsors, Sunway RE Capital, owns a portfolio of five PBSA assets in four UK cities. In an April 15 statement, the REIT manager says it will tap this sponsor’s expertise in the sector.
Sunway owns a portfolio of five quality PBSA assets in four UK cities: Bristol, Manchester, Sheffield and Southampton; with over 820 beds. The REIT manager says Sunway’s PBSA assets are well-located in cities where Russell Group’s reputable world-class, research-intensive universities are located.
