Greystar acquires PBSA asset in Southampton
Greystar has acquired Capital House, a 423-bed purpose-built student accommodation (PBSA) asset.
The asset is strategically located in Southampton, a city characterised by an undersupply of student housing.
Capital House will operate under Greystar’s Canvas brand, with Greystar underwriting renovations to improve under-utilised amenity space.
London, 26 March 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, has agreed to acquire Capital House from Kier Property Developments Limited and Investec in an off-market opportunity, as part of its ongoing PBSA growth strategy in Europe.
Capital House is ideally located close to Southampton’s two major universities, the University of Southampton and Solent University, and residents benefit from the proximity of the site to the city centre’s major amenities including West Quay Shopping Centre, Southampton Football Club’s St Mary’s Stadium, Southampton Marina and Hoglands Park …