Ziggurat completes £6M equity deal on Edinburgh student property
Student property company Ziggurat is celebrating completion of its maiden development in Edinburgh’s Cowgate having just sold 90% of the equity in the scheme to a private investor in a deal valued in excess of £6m.
Ziggurat was founded in 2009 by Jim Pike and Matt McAdden to bring together their development expertise and operational skills in the student accommodation sector and create quality investment opportunities for a range of investors.
The company has now completed a restructuring of equity in its 65 bed student scheme, Wellgate House in Edinburgh’s Cowgate, with founders Jim Pike and Matt McAdden retaining a 10% interest in the building …