GRIF buys £7.1m student housing portfolio
Ground Rents Income Fund has bought the ground rents of four prime student accommodation buildings and exchanged contracts to acquire a further two for a total consideration of £7.1m.
The portfolio, which is a mix of freehold and long-leasehold interests, consists of 848 units across six refurbished buildings in the established student locations of Liverpool, Bristol, Exeter and Southampton.
The four buildings which have been acquired are The Chapel at 3 Crosshall Street, Liverpool (68 units); 35-37 Colston Avenue, Bristol (132 units); Portland House, Longbrook Street, Exeter (156 units); and Richmond House, Terminus Terrace, Southampton (202 units) …