Legal & General funds Canterbury student accommodation
The Legal & General Property fund (LGP) is developing a 193-bed hall of residence at Canterbury Christ Church University.
The fund has paid £15.7 million for the site, which it will own on a freehold basis and let to the university for a 25-year period.
LGP said it would return a net initial rental yield of 5.1%, which will grow annually in line with inflation …