Private equity investors sweep student halls
Paying for degrees is going to get even harder with news that private equity firms are piling into student property.
Soaring rents are good news for property investors of course, but together with increased fees and debts, rising rents will put off many students hoping to afford degrees.
Purpose built accommodation blocks – often developed with the universities themselves – can charge over £330 a week in rent.
Carlyle Group – a firm known for their connections to former American presidents – has become the third US private equity firm to invest in the UK student housing market …