Centurion exchanges contracts on debut UK student housing acquisition
Centurion Group has bought the LiMa portfolio comprising 1,906 student bedrooms and 17 commercial units, located in four buildings in Manchester and Liverpool, from MCR Property Group.
The GVA student housing team provided acquisition advice to the Centurion Group to secure one of the largest student housing deals of the year.
The four assets are let to students at low rents and offer the potential for significant upside following refurbishment and development.
The properties ‒ namely Manchester Student Village, Manchester Student Village South and The Grafton in Manchester, and Cathedral Campus in Liverpool ‒ are close to the cities’ main university campuses and the city centre …