UBS buys Nottingham PBSA for £59.8m
UBS purchases a Nottingham purpose-built student accommodation asset for £59.8m for its UK core real estate strategy.
UBS Asset Management (UBS-AM) Real Estate & Private Markets has purchased a purpose-built student accommodation (PBSA) asset in Nottingham for £59.8m on behalf of its UK core real estate strategy. The site was originally a mill, and in 2019, was redeveloped into PBSA.
The development was purchased from Tosca Mill 1 – backed by Toscafund via its investment in Mabec Property. The acquisition adds to the company’s existing student accommodation holdings in this high demand growth sector …