LaSalle Investment Management has bought an 11,000 m2 student housing complex in Bristol, western England for £33.5 mln (€42 mln).
LaSalle Investment Management has bought an 11,000 m2 student housing complex in Bristol, western England for £33.5 mln (€42 mln).
The deal represents a net initial yield of 6.12%.
LaSalle was acting on behalf of an unnamed fund. The seller of King Square Studios was the Homes Partnership Bristol.
LaSalle director John Yeend said: ‘King Square Studios suits our strategy to acquire high quality, core-plus assets and is an excellent addition to our growing student accommodation portfolio.’
