Aviva Investors acquires Glasgow PBSA scheme
Global asset management business of Aviva plc – Aviva Investors – acquires a PBSA scheme in Glasgow for £23m as the company continues to grow its strategic asset allocation to the UK Living sector. The scheme completed in 2024 and is fully let for the 2024/2025 academic year.
Located at 31 Gilbert Street, the PBSA scheme includes 99 studios ranging from 17 sqm to 29 sqm in size and includes several accessible rooms. Amenities include an on-site gym, communal lounge, cinema room and external courtyard.
The Glasgow property has been built with all-electric solutions and air source heat pumps for its ongoing energy and heating needs. It has an EPC rating of ‘A’ and has no fossil fuels on site. The scheme also has scope to add roof-mounted photovoltaic (PV) solar panels …