Benson Yard, which was opened in February 2023, comprises 404 beds, which includes 47 studios and 357 ensuites in 5-bed, 7-bed and 8-bed clusters.
CDL Hospitality Trusts (CDLHT) says its wholly-owned subsidiaries, CDL HREIT Investments (IV) Property Limited and CDL HBT Investments (IV) Property Limited, have entered into an asset purchase agreement and completed the acquisition of freehold land comprising an operational purpose-built student accommodation (PBSA) asset in Liverpool.
The property, Benson Yard, had a purchase consideration of GBP37.3 million ($63.9 million). The purchase price represents a 5.4% discount to the valuation of the property, which stood at GPB39.4 million as at Nov 29.
