Ahli United Bank buys Durham student block
Ahli United Bank and its operator Mansion Group have bought Ernest Place, a 362-bed student accommodation block in Durham, from Studious Investment Management.
The circa £30m purchase was financed by a five-year £18.4m investment facility from Bank of Scotland’s commercial real estate team.
Ernest Place was built in 2017 near the Gilesgate area of the city, which has a significant population of Durham University students …