Sanctuary set to sell £400m PBSA portfolio
Yesterday (14 October 2024), non-profit Sanctuary Housing Association announced that it is seeking a buyer for 5,600 beds across 21 of its student schemes totalling £400m.
The potential sale forms part of Sanctuary’s objective to unlock and recycle capital for new investment within its existing affordable homes.
The 125,000-home association is currently looking at options to sell the assets in eight different locations: Manchester, Salford, London, Glasgow, Brighton, Dundee, Bradford, Falmouth, Liverpool, Preston and Ormskirk …