The deal marks the latest investment by the firm in the UK market, following its purchase of the city’s largest student accommodation provider, Premier Inn, last year. HarbourVest Partners said that it plans to renovate and manage the scheme as a flagship property for the city.
The proceeds from the sale will be used to support HarbourVest Partners’ other investments in the UK market.
The Singaporean private equity firm behind the deal
The private equity firm behind the deal has announced that it has signed a £15m deal to purchase the Leeds student accommodation scheme. This is the first in a series of planned deals, and it’s hoped that the scheme will be renovated and re-leased to support the local economy. This is an important step forward for student housing in England, and it shows that private equity can be a powerful force for growth.
Private equity news UK
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The private equity firm which has agreed to invest £15 million in a scheme of student accommodation in Leeds has praised the city’s regeneration plans.
Speaking about their decision to invest in student accommodation in Leeds, private equity firm Cinven has praised the city’s regeneration plans. The deal, which is said to be the largest student accommodation investment in Leeds since 2005, will see the portfolio of properties grow from 180 beds to over 400. Private equity firm Cinven is behind the deal and it will also provide financial assistance for refurbishment work on the site. According to Tyronne Greenawalt, director of development at Cinven UK: “We are excited about this opportunity as we feel that there is huge potential for student accommodation in Leeds given its burgeoning population and regeneration efforts.
The deal, which is expected to be finalised by the end of February, will see Student Living Ventures (SLV) take over management and operation of the 355-unit tenanted accommodation scheme on behalf of its investors – Barclays Private Equity, Candover Partners and Highland Capital Partners.
The deal, which is expected to be finalised by the end of February, will see Student Living Ventures (SLV) take over management and operation of the 355-unit tenanted accommodation scheme on behalf of its investors – Barclays Private Equity, Candover Partners and Highland Capital Partners. This investment is expected to provide a long-term financial stability and growth for the scheme as it will be upgraded, refurbished and brought up to date with the latest industry standards. SLV plans to invest an additional £3 million over the next two years in order to keep up with demand for the accommodation which is currently more than 95% occupied. In addition, there are plans to create around 100 new jobs within the scheme as part of its ongoing regeneration work.
Bradford, a private equity fund based in the UK, has finalized a deal to buy the student accommodation scheme in Leeds for £15 million. This will help to address a shortfall of student accommodation in the city and improve accessibility for students. The deal was finalized after months of negotiations and represents an investment by Bradford into the local housing market.
Congratulations to the private equity firm behind the deal – they have successfully signed a £15m deal to buy the Leeds student accommodation scheme! This is a big victory for the company, as it will help them expand their business further into the UK market. With this new deal, the private equity firm will be able to provide quality student accommodation at an affordable price to students all over the UK. We are excited to see the success of this company in the future and wish them all the best!
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